Russia may rethink euro in reserves after Cyprus - PM


MOSCOW (Reuters) - Russia may need to review the share of euros it holds in its central bank reserves over the euro zone's bungled handling of a bailout of Cyprus, Prime Minister Dmitry Medvedev was quoted on Thursday as saying.

"I would like to answer in an optimistic way but I have to say that this is a reason to think about it," Medvedev said when asked whether the situation in Cyprus was a reason to reduce the euro share of Russia's reserves, according to Interfax.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

3 killed after building collapses in north Nigeria
Aerosmith frontman Steven Tyler wins dismissal for good of sexual assault lawsuit
Chinese company to build photovoltaic factory in Saudi port
Nearly 23 pct of Canadian population reported food insecurity in 2022
Canada announces investment to grow semiconductor supply chain
U.S. stocks close higher
Feature: Chinese firms eager to showcase new products at Spain seafood fair
Slovenia's jobless rate falls to historic low
Crude futures settle higher
U.S. dollar ticks up

Others Also Read