Russia's Finance Minister on Defenses Against Financial Warfare

Russian Finance Minister Anton Siluanov seems to think that certain factions in the West are intent upon financial warfare. Yesterday he observed that their abundant reserves can deal with any financial sanctions. “Thank God we have enough forex [foreign exchange] liquidity and enough forex reserves.” As of early February, Russia had nearly $635 billion in gold and forex reserves. He seemed to want to rub it in: “They say we have a financial shield in the form of gold and forex reserves, budget surplus and... low debt.”