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#SBER Bank of #Russia was at least a giant on paper before the war began.
The downfall of this bank alone can bring down the Russian Economy.
Russia, irrespective of whatever comes out of the war, will suffer immensely.
But, such a nation, with precious resources, be closed down?
The downfall of this bank alone can bring down the Russian Economy.
Russia, irrespective of whatever comes out of the war, will suffer immensely.
But, such a nation, with precious resources, be closed down?
At least $300 bio plus reserves of Russia are frozen/impounded by foreign financial firms and government authorities due to sanctions.
What will be the consequences of this for other economies such as GCC Sheikdoms and Chinese that invest big time in overseas sovereign paper,etc?
What will be the consequences of this for other economies such as GCC Sheikdoms and Chinese that invest big time in overseas sovereign paper,etc?
For e.g. KSA earns around $1 Billion roughly every day from the export of oil.
A lot of that money is invested in overseas financial markets.
Other sovereign wealth funds in the GCC also invest petrodollars in large amounts across the world.
This impounding of reserves is a novel
A lot of that money is invested in overseas financial markets.
Other sovereign wealth funds in the GCC also invest petrodollars in large amounts across the world.
This impounding of reserves is a novel
