Russia said on Thursday it had added the equivalent of $9.4 billion to its government emergency reserve fund, with the money coming from extra oil and gas revenues the country has received so far in 2022. The Russian government can easily tap the rainy-day fund and has been actively doing so since the invasion of Ukraine and the Western sanctions that have crippled the Russian economy and sent inflation to double-digits and the highest reading in over two decades.
Russian oil and gas revenues, however, continue to flow and exceed earlier…Russia Adds $9.4 Billion Of Oil Revenue To Its Rainy-Day Fund
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