Russia now has more assets than debt, despite sanctions ...News

Russia Today - News
Russia now has more assets than debt, despite sanctions
source : Russia Today ( News ) () 14
Thanks to steadily growing gold and foreign currency reserves, Russia’s debt-to-GDP ratio has turned negative for the first time since its economy was hit by Western sanctions and by the oil market crash of 2014. As of August 1, the state debt (at the federal, regional and municipal level) amounted to 16.2 trillion rubles (around $247.3 billion). At the same time liquid assets of federal government, regions and non-budget funds stood at 17.6 trillion (nearly $268.8 billion). Also on rt.com Golden rule: Russia brings bullion & foreign currency reserves to new highs

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