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Russia Is in No Economic Shape to Fight a War
In its March report on the Russian economy, the World Bank showed that the country's total foreign debt at the end of January was $732 billion. The distribution between public and private debt is only available from October last year. At that time, state banks had $128 billion of foreign debt and nonfinancial state corporations $164 billion. Adding $80 billion of government foreign debt, Russian total public foreign debt was $372 billion, while its international currency reserves are $477 billion, but much of those can be frozen as well.