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http://money.cnn.com/2016/09/16/news/economy/russia-cash-reserves-depleted/index.html
---- Russia's 2016 budget is based on the assumption the country would be able to sell its oil for $50 per barrel.
But the average oil price in the first eight months of the year was less than $43 per barrel. Oil now makes up just 37% of all government revenues, compared to roughly 50% just two years ago.
Russia is seriously running out of cash
Russia's rainy day fund has shrunk to just $32.2 billion this month and is likely to dry up completely by mid 2017.
MONEY.CNN.COM|BY IVANA KOTTASOVA
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