Russia’s Reserve Fund to Be Terminated in February

Posted on 01/12/2018

The Reserve Fund of Russia’s execution is nigh, according to an announcement from the country’s Ministry of Finance. The oil fund now lies empty after having the last of its foreign currency reserves converted into just over 1 trillion rubles (US$ 17.55 billion) in the waning days of 2017 to cover the government’s budgetary shortfalls […]