Kudrin says Russia should keep $100bn reserves

Russia should maintain at least U.S. $100 billion in foreign exchange and gold reserves, Finance Minister Alexei Kudrin told the State Duma, the lower house of the Russian parliament, Monday 4 April.

"Accumulated foreign investments, including Russian companies' debt to foreign investors, amount to about $100 billion. Foreign exchange and gold reserves are the guarantee of these foreign investments," Kudrin said.

Kudrin told the Duma that the current reserves of the Central Bank of Russia (CBR)