Russia burning through its cash reserves

Discussion in 'Russia & Eastern Europe' started by Ronstar, Feb 19, 2015.

  1. Ronstar

    Ronstar Well-Known Member Past Donor

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    http://finance.yahoo.com/news/russia-burning-dollar-stockpile-184600869.html

    Maxim Shipenkov/Reuters Vladimir Putin in 2011. Russia's foreign-currency reserves slipped another $6.4 billion last week as the central bank and the finance ministry continue the battle to prop up the ruble. At that rate, the country's remaining $368.3 billion will be all but gone by this time next year.

    Russia's reserves have fallen by more than $100 billion, from $469.9 billion in June, as the collapse in global oil prices sent the Russian currency tumbling
    .


    what will Russia do when their reserves are gone?
     
  2. DennisTate

    DennisTate Well-Known Member Past Donor

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