Let’s look at the facts: Russia’s Debt/GDP is 14 percent. In the U.S., for example, it’s 105 percent. Russia has a current account which is positive and the estimated surplus for this year is $70 billion. If you look at the U.S., it hasn’t had a current account surplus in over 50 years. Russia also has Forex reserves of $400 billion, and the maximum debt service for all Russian debt in 2015 is $100 billion.
So Russia will have no pressure in the coming year and probably not past that time frame either. Russia also has massive natural resources and a people who are used to hardship. So in my view Russia will survive this.
So Russia will have no pressure in the coming year and probably not past that time frame either. Russia also has massive natural resources and a people who are used to hardship. So in my view Russia will survive this.
