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The Graphic Truth: Russia's forex war chest

Russia’s forex war chest
By Gabrielle Debinski,
Gabrielle Debinski

Gabrielle Debinski is a former senior writer at GZERO Media.

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Paige Fusco
Paige Fusco
Paige Fusco is a graphic designer creating visualizations - data-driven and otherwise - for Eurasia Group and GZERO Media.
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February 27, 2022
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He prepared for a standoff with the West. President Vladimir Putin has built up his country’s foreign currency reserves to the tune of over $640 billion to insulate the Russian economy. It was a solid plan until the US, EU and global partners announced stinging sanctions against Moscow over its invasion of Ukraine. This includes a plan to ban some Russian banks from SWIFT — a global network for payments between banks — as well as sanctioning Russia’s central bank, which will make it hard for the Kremlin to tap into some of the reserves needed to prop up the crashing rouble. We take a look at Russia’s forex war chest since Putin came to power in 2000.

ukraine war...russiaforeign exchangecentral bankrussia sanctionsgraphic truthswiftrussian economy

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