Tsarizm
Eastern Europe

Russian Reserves March Toward $600 Billion As Sanction Threats Loom, Fitch Says

Russian Reserves March Toward $600 Billion As Sanction Threats Loom, Fitch Says

Russia will continue to build up its foreign currency and gold reserves to protect its economy as threats of more U.S. sanctions loom, a top financial firm said.

Russian reserves will reach nearly $600 billion – a record high – by 2021 thanks to trade and budget surpluses, credit-worthiness agency Fitch Ratings said Aug. 9 as it upgraded the nation’s debt ratings…

To read more visit RFERL.

Related articles

Russia Ready To Seize Control Of The World’s Largest Oil Reserves

Tsarizm Staff

After Losing Both Feet, Russian Farmer Works His Farm, Alone

Tsarizm Staff

Moscow Accuses Kyiv Of Sabotaging Ammonia Pipeline

Jen Snow

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!