/ world today news/ The American financier George Soros believes that Russia has enough international reserves for the near term in conditions of an unfavorable economic situation. He said this in an interview with the Bloomberg agency on Thursday (January 21), as quoted by gazeta.ru.
“Russia is in a very weak position. But they have enough reserves. They will have enough for two years,” he said.
According to Soros, the most difficult year for Russia will be 2017, since that is when it will have very few reserves left.
The financier believes that due to the current economic situation, the Russian budget should be “cut”, which will harm the “social contract” that, according to him, makes Putin popular among the population. Soros explained that the “social contract” in Russia is “financial stability with gradual growth in welfare.”
However, Soros noted the efforts of Putin and Russian financial specialists who are working in the current environment to minimize the negative consequences for the country.
In response to the American financier’s claims, former Russian Finance Minister Alexei Kudrin told RIA Novosti on Friday that the Russian government is cautious in spending the funds in its reserves and is unlikely to spend them until 2018, Vzglyad reported “.
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