Soros believes that the international reserves of Russia will last for two years

Soros believes that the international reserves of Russia will last for two years


MOSCOW, 22 Jan. American financier George Soros believes that Russia has enough international reserves in the near future given the unfavourable economic conditions.

“They will last for a couple of years,” said the investor in an interview with Bloomberg.

On Thursday, the Bank of Russia reported that international reserves as at 15 January amounted to 368,3 billion dollars against 368,1 billion.

International reserves representing highly liquid foreign assets available to the Bank of Russia and the government of the Russian Federation, consist of means in foreign currency, special drawing rights (SDRs), reserve position in IMF and monetary gold.

By the end of 2014 the international reserves of the Russian Federation has decreased in 1,3 times — to 385,46 billion.