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Russia’s foreign exchange reserves increase by $1.8 billion in one week

Forex reserves totaled $595.6 billion compared to $593.8 billion a week earlier. Russia’s international reserves are highly liquid foreign assets consisting of monetary gold, foreign currencies and Special Drawing Rights, which are at the disposal of the Central Bank of Russia and the government. The latest growth is reportedly attributed …

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Russia rejects Dutch court ruling to hand $5 BILLION of taxpayers’ cash to ex-oligarchs over collapse of Yukos oil & gas empire

The office of the country’s Prosecutor General said on Thursday that it does not acknowledge the validity of the decision, by the International Arbitration Court in The Hague. Authorities said that Russia would “appeal the decision without fail,” questioning both the basis of the judges’ jurisdiction and the claims themselves. …

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