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The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola
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The Different Composition of the Assets Held by the Russian Central Bank
The Russian Central Bank was told it had only 600 billion dollars in its account. This means that the country's central bank is effectively out of business, says Peter Bergen. If Russia wanted to retaliate, they could just stop paying their debts to the West, he adds. "It'll default for political reasons."
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