Russia’s reserves have lost tens of billions of dollars

The Central Bank announced a reduction in Russia’s international reserves by almost $ 40 billion
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Economic crisis 2020-2022

The Central Bank said that Russia’s international reserves had shrunk by almost $ 40 billion. This figure is as of March 25.

“As of March 25, the international reserves of the Russian Federation amounted to $ 604.4 billion, down from $ 18.8 billion compared to February 18,” RIA Novosti reported.

Earlier, the United States and EU countries reported a freeze on more than $ 700 billion in assets of the Bank of Russia due to the launch of a forced special operation in Ukraine. France has also announced a freeze of 22 billion euros from the Bank of Russia. Russian Finance Minister Anton Siluanov confirmed that half of the Central Bank’s assets are now frozen. Russian President Vladimir Putin has previously said that the West would impose sanctions in any case. He promised the citizens of the Russian Federation that they would not be left without the support of the state. Later, President Vladimir Putin announced that in retaliation, Russia would start selling oil and gas to unfriendly countries for rubles.

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The Central Bank said that Russia’s international reserves had shrunk by almost $ 40 billion. This figure is as of March 25. “As of March 25, the international reserves of the Russian Federation amounted to $ 604.4 billion, down from $ 18.8 billion compared to February 18,” RIA Novosti reported. Earlier, the United States and EU countries reported a freeze on more than $ 700 billion in assets of the Bank of Russia due to the launch of a forced special operation in Ukraine. France has also announced a freeze of 22 billion euros from the Bank of Russia. Russian Finance Minister Anton Siluanov confirmed that half of the Central Bank’s assets are now frozen. Russian President Vladimir Putin has previously said that the West would impose sanctions in any case. He promised the citizens of the Russian Federation that they would not be left without the support of the state. Later, President Vladimir Putin announced that in retaliation, Russia would start selling oil and gas to unfriendly countries for rubles.

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