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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Russia 2008: How can a country with US$500 billion in foreign reserves get into a crisis?

Posted on 29 October 2008

From Rgemonitor.com: Since last June Russia has been one of the hardest hit countries in the emerging world. The stock market has plunged, capital has flown out of the country and inflows have stopped.

A liquidity crisis in the domestic banking sector emerged and even corporate giants in the energy sector have begun to have difficulties in refinancing or even repaying their debts….. Full Article: Source


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