Siluanov: Russia has lost access to $300 billion of foreign exchange reserves
Euro exchange rate of the Central Bank EUR ₽132,958 — DOLLAR exchange rate Central Bank USD₽120,379 - Gold GOLD$1,998.8 -1.35%35%
RUSSIA has lost access to almost half of its gold and foreign exchange reserves, Finance Minister Anton Siluanov said on the Russia 1 TV channel.
“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,” Siluanov said.
Part of the gold and foreign exchange reserves is in the Chinese currency - in the yuan. According to the minister, Western countries are exerting pressure to limit access to those reserves that are placed in Russia in yuan, and also seek to influence trade with CHINA.
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