According to the agency, while oil prices are falling, Saudi Arabia is using savings for social spending, while Russia is tightening its fiscal policy while maintaining a surplus.
The material indicates that over the past four years, the gold and foreign exchange reserves of Russia increased by 45%, amounting to $ 518 billion in June 2019, while the reserves of Riyadh in June amounted to $ 527 billion.
“The discrepancy means that Russia intends to occupy, instead of Saudi Arabia, the fourth place in the world in terms of reserve,” the article says.
Earlier, the Central Bank reported that on August 1, Russia's international reserves amounted to more than 519.7 billion.
In April, the 360 channel, citing data from the Central Bank, indicated that Russian gold and currency reserves had reached their maximum value over the past 5 years.