NEWSWATCH: “Russia has not touched its reserves funds this year, but it will. Russia’s gross international reserves have been growing.” – Intellinews/ Ben Aris

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“Thanks to higher than expected oil prices Russia has not had to touch its rainy day reserves funds so far this year to prop up budget spending. But the ministry of finance says it will have to dip into them in the second half of this year and expects to at least exhaust the $16.5bn National Reserve Fund. …”

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