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Russian wealth fund down to $53.236 billion (interfax.com)

submitted 2 weeks ago* (last edited 2 weeks ago) by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

To be clear it is not hold in $, but in RMB, gold and rubel. Before the war in held $174billion, so a massive decrease.

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[–] [email protected] 7 points 2 weeks ago (7 children)

It's good that they can just print more rubels to fill the gap! /S

[–] [email protected] 9 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

They can, but they are already dealing with high inflation and extremely high federal interest rates to try to stamp it down. Printing your way out of the problem will likely produce a larger problem.

Putin will probably go for it rather than admit he made a horrid choice two years ago.