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Russian budget has extra $53 billion in free funds, pledges financial stability -Breaking

by Mike Robinson

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© Reuters. This view shows the effects of shelling on Kharkiv (Ukraine), February 24, 2022. REUTERS/Vyacheslav Maliyevskyy

MOSCOW (Reuters). The Russian government claims it has more than 4.5 trillion roubles ($53 Billion) in budget funds that are freely available and enough resources to support macroeconomic stability.

Russian troops invaded Ukraine on Thursday by air, land and sea. It triggered an enormous sell-off in Russian assets.

According to the Thursday statement, Russia’s financial resources are sufficient to keep the financial system afloat in the face of threats from the outside.

($1 = 85.5430 roubles)

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