Russia adds billions to emergency spending fund ...News

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Russia adds billions to emergency spending fund

The move aims to ensure economic stability amid sanctions Russia has increased its reserve fund used for emergency spending by 273.4 billion rubles ($3.52 billion), the government announced on Sunday. “The funds, among other things, will be used to implement measures aimed at ensuring economic stability in the light of external sanctions,” the press service of the Cabinet of Ministers said in a statement, referring to multiple restrictions placed on Russia by the US, most of the EU, and other nations in response to Moscow’s military operation in Ukraine. The government’s reserve fund can be used for unforeseen spe

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