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Russia's war in Ukraine is draining state coffers, but the fiscal buffers Moscow has built up over the last two decades will be enough to last for years, even if oil prices slump as low as $60 a barrel. The liquid part of Russia's National Wealth Fund (NWF) has more than halved, falling by $58 billion since the February 2022 invasion of Ukraine, as the government used the money to finance its budget deficit and support state-owned companies. The NWF, a rainy-day fund of accumulated energy revenues, held $55 billion, or 2.7% of gross domestic product (GDP), as of Feb. 1, 2024, down from $112.7 billion, or 6.6% of GDP, as of Feb. 1, 2022, according to finance ministry data. ....
Russia s war in Ukraine is draining state coffers, but the fiscal buffers Moscow has built up over the last two decades will be enough to last for years, even if oil prices slump as low as $60 a. ....
The Bank of Russia is likely to hold its key rate at 16% in February after five rate hikes in a row, as inflation pressure shows signs of easing, a Reuters poll suggested on Thursday. . -February 01, 2024 at 08:02 am EST - MarketScreener ....
Russian central bank to resume domestic FX market interventions inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.