Journalist mark Forbes Adomanis analyzed the changes in the Russian economy that occurred in the period from 1999 to the present, and came to the conclusion that the Russian Federation, perhaps, will escape the financial fall, the predictable Western countries.
Adomanis emphasizes that in 1999 Russia was in a state of default on its sovereign debt and " looked like and should look like an emerging economy in the post-crisis period. But then Russia has accumulated a large sum of money ".
Accumulated Russian Central Bank "reserves" was extremely helpful during the fall of 2009, when Russia burned down at least 200 billion dollars in an attempt to stabilize the economy and prevent a "disorderly" devaluation of the ruble, reported in the publication. Not completely because of the aggressive actions of the Central Bank of Russia was able to get out of the drop faster than the vast number of other European countries.
However, since the beginning of 2014, when the Ukraine crisis (and the subsequent punishment from the United States and the European Union) began to have a negative impact on the economy, and pressure on the rouble was growing continuously, the Russian monetary authorities have begun more and more to spend before Accumulated reserves. Somehow the country has again formed a modest surplus in the current account - this helps to ensure that the country, apparently, will have the opportunity to defend themselves in financial drop that most had predicted, according to the publication.