USA

US prepares to freeze Russian gold reserves

Senators and the US Treasury will debate a bill blocking Russia’s gold reserves, which amount to about $132 billion, Axios wrote.

A bipartisan group of senators is expected to meet with Treasury Secretary Janet Yellen this week. There is also a possibility that the upper house of Congress will pass the bill in the coming days.

The initiative was presented to Congress in early March. In the past two weeks, changes have been made to the bill. The type of modifications under consideration has not been specified.

Earlier, Russian Finance Minister Anton Siluanov said that Russia, due to the sanctions of the United States, Europe and its allies, will not be able to use almost half of its gold and foreign currency reserves – about $ 300 billion.

 

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