Nabiullina: a sufficient ”safety cushion” has been created in Russia
Russia's international reserves now exceed the size of the country's public debt, so we can talk about creating a sufficient ”safety cushion”, the Head of the Central Bank, Elvira Nabiullina, said on the margins of the IMF- World Bank Spring Meeting in Washington.
"We are considering different scenarios and decide what reserves can be used. As you know, we also increased the share of gold. In general, we have increased our reserves. Now our reserves are equal, and even exceed the external debt of the Russian economy, including public and private debt. We believe that a sufficient “safety cushion” has been created,” RIA Novosti quotes her as saying.