Russia Lost Access to Half Its Reserves, Finance Minister Says

The video discusses the financial situation in Russia, focusing on its $640 billion reserves, of which a significant portion is frozen due to international sanctions. This has led to the Russian finance minister proposing debt repayment in rubles, raising the risk of a default if creditors do not accept this currency. Kristalina Georgieva from the IMF has indicated that a Russian default is now a real possibility. Additionally, the Russian Stock Exchange remains closed, further impacting the economy.

What percentage of Russia's reserves were held in U.S. dollars?

• 16%

• 10%

• 33%

• 25%

Why is a significant portion of Russia's reserves unusable?

• They are invested in long-term projects.

• They are frozen due to international sanctions.

• They are in the form of cryptocurrency.

• They are held in gold.

What is the potential consequence if Russia repays its debt in rubles?

• Increase in foreign investments

• Strengthening of the ruble

• Reduction in national debt

• Possibility of a default

Who is Kristalina Georgieva?

• Managing Director of the IMF

• Finance Minister of Russia

• CEO of a major Russian bank

• A U.S. economic advisor

What significant action has Russia taken regarding its Stock Exchange?

• Opened a new exchange

• Increased trading hours

• Extended its closure

• Implemented new trading rules