Sunday, 18 September 2016

Russia is seriously running out of cash

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.
Read more: http://money.cnn.com/2016/09/16/news/economy/russia-cash-reserves-depleted/index.html?source=Snapzu

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