Thread: Is default of Ukraine inevitable?

Originally Posted by 14Russian

Russia to Draw Half Its Reserve Fund to Support Budget - WSJ

Russia to tap $50 billion from Reserve Fund as deficit balloons | Reuters

Russia to Take $50 Billion From Reserve Fund This Year to Plug Swelling Deficit | Business | The Moscow Times

Russia Seeks to Dip Deeper Into Wealth Fund to Cover Deficit - Bloomberg Business

So, Russia uses its own money to pay for its own bills, takes money from the Reserve fund which was create exactly for that reason.
Let's make a fuss from it say it's a sign of economical disaster.
What a hoot.

Originally Posted by hddscan

So, Russia uses its own money to pay for its own bills, takes money from the Reserve fund which was create exactly for that reason.
Let's make a fuss from it say it's a sign of economical disaster.
What a hoot.

You're either extremely stupid or just pretending.

If you had a bank account of $100 and you had to use $70 or $80 (and this is a 'reserve'/savings), someone might say, oh, wow, he's having financial trouble.

"The increase means that Russia could spend well over half of the fund, currently worth $85 billion, in a *single year* - a rapid run-down of the fiscal buffers that underlines the precarious state of government finances.

Nesterenko said in the worst-case scenario, the Reserve Fund could fall to as low as 1 trillion rubles by the end of the year, implying over 80 percent of the fund could be spent. "

Yeah, I guess that is nothing. Nothing to worry about.... move along....

Originally Posted by 14Russian

You're either extremely stupid or just pretending.

Maybe you are an ignorant idiot or maybe you just pretending

Originally Posted by 14Russian

If you had a bank account of $100 and you had to use $70 or $80 (and this is a 'reserve'/savings), someone might say, oh, wow, he's having financial trouble.

Not if you created this account when you were selling something while prices were high and put some money aside to compensate your sales prices when they are low. It's called compensating risks. Of course if your bank account has been created to be used for something else but you have to use it now to compensate for your sales then you are in trouble but that's not the case we are discussing