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Putin defeats West's sanctions; Russia amasses whopping $80 BN in foreign assets - report
Published on Mar 14, 2023 10:18 pm IST
According to Bloomberg, Russia was able to save abroad about a third of the $227 billion windfall earned last year from its commodity exports. From this about $80 billion has been reportedly scattered across holdings of cash, real estate as well investments in affiliates abroad. This helped sustain Kremlin’s finances despite western sanctions amid Ukraine war.
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