Russia So Flush, Could Pay Off ALL Debt – Foreign, Municipal, Regional, and Domestic – With Cash! ‘Net Debt’ Falls to Zero
Russian President Vladimir Putin has a bee in his bonnet about debt. Having lived through the 1998 crisis when Russia’s financial system was wiped out for the want of a few billion dollars to meet the government’s obligations, there has been a strong “never again” meme that has run through the Kremlin’s financial policy.