You are here
Russia now can cover its debt dollar for dollar in cash
By Ben Aris
BNE Intellinews, Berlin
Sunday, March 31, 2019
Russia's gross international reserves, including gold, continue to creep upwards and reached $487.1 billion as of March 22 -- enough to cover Russia's external debt dollar for dollar in cash.
In February during his state of the nation speech President Vladimir Putin boasted that for the first time Russia has enough money in its reserves to cover all its external debt with cash.
... Dispatch continues below ...
Goldco Is America's No. 1 Gold IRA Provider
Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.
Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.
To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:
At the end of the last quarter of 2018 Russia had an external debt of $453.7 billion and the debt has been falling steadily over the 12 months as the government makes use of the windfall from rising oil prices and falling expenditures to pay off more debt early.
Russia already had one of the lowest levels of debt of any major country. While most western countries have debt-to-GDP ratios well above the Maastricht rules-recommended maximum of 60 percent (and some like Italy are well over 100 percent), Russia's debt-to-GDP ratio has been hovering around 15 percent for years. ...
... For the remainder of the report:
Join GATA here:
Mines and Money Asia
Hong Kong Conference and Exhibition Center
Wan Chai, Hong Kong
Tuesday-Thursday, April 2-4
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: