8 years ago
4
Russia is seriously running out of cash
After almost two years in recession, the country's rainy day fund has shrunk to just $32.2 billion this month, according to the Russian Finance Ministry. It was $91.7 billion in September 2014, just before oil prices started to collapse. And it's getting worse. Analysts expect the fund will shrink to just $15 billion by the end of this year and dry up completely soon after that.
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http://money.cnn.com
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It's not a problem, Putin can bail the country out.
Yeah, he can borrow from the Fed for free.
No need. He could write a check and bail them out.
Just like the US