THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
Half of the gold and foreign exchange reserves of the Bank of Russia are frozen due to sanctions. About this in an interview with the program “Moscow. Kremlin. Putin” on the TV channel “Russia-1” said the head of the Ministry of Finance of the Russian Federation Anton Siluanov.
“This is about half of these reserves that we had. We have a total amount of reserves of about $640 billion, about 300 billion of reserves are now in a state in which we cannot use them,” he said.
Some of Russia’s foreign exchange reserves are held in Chinese currency, Siluanov said, but Western countries are pressuring China to limit trade with it.
Earlier, the Bank of Russia reported that it had the necessary resources and tools to maintain financial stability and ensure the operational continuity of the financial sector against the backdrop of sanctions announced by Western countries against the Russian Federation after the start of a special military operation in Ukraine.
As of February 18, the international reserves of the Bank of Russia amounted to the equivalent of $643 billion.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
