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WB gives Russia high grades for its preparedness against crisis phenomena

Excellent Grades 

The World Bank (WB) sees the fundamentals of the Russian economy in exceptionally good shape, following its accumulation of over $570bln in reserves, thus indicating the country’s high level of preparedness for all possible crises. “When such global events are taking place, everyone comes under attack, but Russia has been well prepared to withstand these types of attacks,” Klaus Roland, WB’s director for Russia, said. “The financial situation in Russia is good, the management of the financial resources is prudent, while the budget has been surplus for over the past several years.”