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Russian Economy: While Trump opens up to Putin, Russia's sovereign fund is emptying

Summary by Le Grand Continent

According to Mikhail Zadornov, a former Russian finance minister under Yeltsin, the liquidity of the Russian sovereign fund rose from 7.4 per cent of GDP to less than 2 per cent in January 2025. Indeed, while the total amount of the fund remained stable in 2024, amounting to approximately 11 trillion roubles (€118 billion), its liquid assets (including gold and foreign currencies) decreased by 24 per cent from the beginning of 2024 to 3,800 bill…

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Le Grand Continent

Russian Economy: While Trump opens up to Putin, Russia's sovereign fund is emptying

According to Mikhail Zadornov, a former Russian finance minister under Yeltsin, the liquidity of the Russian sovereign fund rose from 7.4 per cent of GDP to less than 2 per cent in January 2025. Indeed, while the total amount of the fund remained stable in 2024, amounting to approximately 11 trillion roubles (€118 billion), its liquid assets (including gold and foreign currencies) decreased by 24 per cent from the beginning of 2024 to 3,800 bill…

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Le Grand Continent broke the news in 3 days ago on Thursday, February 20, 2025.

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