Cyprus Mail
World

Arguing over Russian reserves: $400 bln or half that?

By Sujata Rao

Defending the rouble has cost Russia around $80 billion this year, and depending on who’s doing the calculations, its usable hard currency reserves are now either starting to run low, or at a healthy $400 billion-plus.

While Russia has only slowed the rouble’s slide, it looks all right by any yardstick of whether its reserves are adequate. According to official data on Thursday, its foreign currency and gold reserves were $414.6 billion in the latest week.

Related Posts

NATO beefs up eastern flank, Russia denounces Western ‘hysteria’

Reuters News Service

Assange gets chance to take extradition case to UK’s top court

Reuters News Service

WHO chief says world at ‘critical juncture’ in Covid pandemic

Reuters News Service

Assailed by scandal, Johnson fights for his job

Reuters News Service

French fashion designer Thierry Mugler dies aged 73

Reuters News Service

US tells diplomats’ families to leave Ukraine, weighs troop options

Reuters News Service