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Russia Preparing Stimulus to Move FX Liquidity Into Euros

RUSSIA
  • RUSSIA PREPARING STIMULUS TO MOVE FX LIQUIDITY INTO EUROS
  • RUSSIA MAY ORDER STATE COS TO SWITCH TO EUROS: RIA CITES FINMIN
  • This is referring to the de-dollarisation campaign the Russian Wealth Fund will be pursuing to create broader sanctions buffers against US foreign policy
  • USD reserves in the Wealth Fund are roughly $42bn
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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