At a televised cabinet meeting today, Russian prime minister Dmitry Medvedev urged calm, suggesting that the country has enough money to weather the current economic storm. “All the economic and production goals that you have set yourselves, the country has the currency resources to achieve them,” he said. That’s been Vladamir Putin’s bet this year. According to Bloomberg, the Russian president asked his advisors at the beginning of the year if the country could withstand the economic shock of invading Ukraine, and they said yes. But a currency reserve shouldn’t be measured just by how big it is. As …read more
Source: Business Insider
