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Economic news

Russia increases its reserve fund to ensure economic stability

04/10/2022

Less than a minute

2022.04.10 11:26

Russia increases its reserve fund to ensure economic stability
FILE PHOTO: People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov/File Photo

(Reuters) – The Russian government said on Sunday it was increasing its reserve fund by 273.4 billion roubles ($3.52 billion) to ensure economic stability against the backdrop of Western sanctions over Ukraine.

“The funds, among other things, will be used to implement measures aimed at ensuring economic stability in light of external sanctions,” the government said in a statement.

($1 = 77.7500 roubles)

Source

04/10/2022

Less than a minute