KSG Intelligence Services

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GeoBITs

intel.ks.group

GeoBITs

January 17, 2022

Dakota Cary
Jan 17
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GeoBITs

intel.ks.group

Russia & Europe

Economy

Russian authorities have turned to the last foreign exchange reserves not subject to sanctions – the Chinese yuan – in order to cover the federal budget shortfall, which reached record levels at the end of 2022.

  • Starting last week, the Central Bank began offloading the currency from its National Welfare Fund on the Moscow exchange u…

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