Good evening fellas. Today while doing my activities, I stumbled on some information regarding Russia's debt. The debt to GDP is just 17% and just to be clear Russia's debt is around 250Bln dollars. Another information that I also got was that Russia had been busy stacking up gold and shoring up its reserve. When u compare Russia's debt to those of other superpowers, you will find out that the debt of those countries are above a trillion dollar mark. So, is it safe to conclude that at the end of this pandemic Russia could come out ontop because of the way it has handled its debt? Moreover have u guys noticed that during this time oil crush, Russia did not get affected matter of fact it was them that refused to lower oil production.
Russia and debt
- Thread starter AFI
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