$300 Billion: Russia Reveals Exact Amount Of Reserves Frozen By West

$300 Billion: Russia Reveals Exact Amount Of Reserves Frozen By West
The latest sanctions imposed on Russia over its military offensive in Ukraine have frozen about half of the country’s gold and foreign exchange reserves, according to Finance Minister Anton Siluanov.

“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,” he said in an interview with state TV channel Rossiya 1 on Sunday.