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HomeEconomyRussia builds asset reserves that West can't sanction - central bank chief

Russia builds asset reserves that West can't sanction – central bank chief

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MOSCOW (Reuters) – Russia is building up international reserves using assets that Western sanctions cannot target, Russian Central Bank Governor Elvira Nabiullina said on Tuesday, TASS news agency reported. .

Western countries froze about $11 billion – or half – sent to Ukraine last year in Moscow Russia’s international reserves after tens of thousands of troops.

The central bank has previously stated that it is considering gold, 100 Renminbi and foreign currencies held in cash under possible further Western sanctions is safe. 200

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