Russia regards the freezing of its reserves as an “unprecedented” act and is ready to challenge it in court. “This is certainly an ‘unprecedented’ freeze of gold and foreign exchange reserves, so we will complete all legal steps and prepare to file them,” Central Bank of Russia Governor Elvira Nabiullina said while discussing the institute’s annual report to the Duma, according to Interfax reports today.
Russia’s international monetary reserves as of April 8 totaled about $609.4 billion and included $481.4 billion in foreign currency and $131.5 billion in gold. “Our reserves have not been confiscated but ‘frozen’, we cannot use them, but they must not be taken away, expropriated or confiscated,” added Nabiullina, and in any case their freezing “is being questioned everywhere”.
THATCanada sanctioned Russia’s central bank governor Elvira Nabiullina and 13 others “close associates of the Russian regime” in a new round related to the war in Ukraine. This was reported by the Bloomberg agency, citing a statement that appeared on the Canadian government’s website. It is the first time since the Russian invasion of Ukraine that Nabiullina is on a country’s sanctions list, even though the central bank itself has been sanctioned. Putin’s daughters Katerina Tikhonova and Maria Vorontsova are also on the expanded list of Canadian sanctions, as is energy magnate Igor Makarov.
REPRODUCTION RESERVED © Copyright ANSA
]]>
Get the embed code
]]>