Russia with 21% investments in USA
Just 3 month ago, the second man in the Central Russian Bank, Alexay Ulukaev convinced the society, that in securities are invested only some percents from Gold-Currency reserves of the country. But in fact the part is pretty bigger, wrote "Vedomosti". In the project of yearly financial report of Russian Central Bank for 2007, was writte, that for the 1st January, 2008 in obligations of Fannie Mae, Freddie Mac and Federal Home Load Banks were invested 2.48 trillion rubles, which is nearly 100.8 billions of USD.To 9th May, this year, Gold-Currency reserves of the Russia are 536.8 billions USD, and according to the fact, that at the begining of the year, they were 476.4 billions USD, "some" percents in the words of Alexey Ulukaev are 21%.
Really, the owned from Russians activities have no cannetion with subprime mortgages, because Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) are supported from the American Government.
Labels: Financial News

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