This chart shows that Russia has a very low debt/GDP value compared to most of the other major countries.
Quora answers indicate pure economical reasons (huge amount of natural resources and difficulty to borrow externally).
Question: is Russia's debt size so small due to economic reasons only or are there any political reasons for this rather abrupt debt reduction?
Side note: an example of political decision for debt reduction is given in this article
Romanian dictator Nikolai Ceausescu single-mindedly insisted on repaying, in the span of a few years, the debt of $9 billion owed by his poor nation to foreign banks during the 1980s debt crisis. Romanians were forced to live through cold winters with little or no heat, and factories were forced to cut back because of limited electricity.
Few other modern leaders would have agreed with Ceausescu’s priorities. The Romanian dictator’s actions are especially puzzling given that the country could presumably have renegotiated its debt burden, as most other developing countries eventually succeeded in doing during the crisis of the 1980s.