Keyword: «gold and foreign exchange reserve»

. The author studies the results of economic development, in particular, the external public debt of Belarus and its neighboring countries – Russia, Ukraine, Poland, Lithuania and Latvia – over the past five years and its impact on their foreign exchange reserves. After the collapse of the Soviet Union and the socialist camp, these countries chose different geopolitical paths for the development of their economies. Some joined the Commonwealth of Independent States, others – the European Union.

The author studies the results of economic development, in particular, the external public debt of Belarus and its neighboring countries – Russia, Ukraine, Poland, Lithuania and Latvia – over the past five years and its impact on their foreign exchange reserves. After the collapse of the Soviet Union and the socialist camp, these countries chose different geopolitical paths for the development of their economies. Some joined the Commonwealth of Independent States, others – the European Union.