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 in U.S. dollars as of last year?

What is the implication of the frozen reserves on Russia's ability to repay its debts?

What has the finance minister of Russia stated regarding debt repayment?

What did Kristalina Georgieva say about the possibility of a Russian default?

What recent action has been taken regarding the Stock Exchange in Russia?