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The central bank has confirmed that about $300 billion worth of assets have been frozen in the West. Total Russian foreign currency and gold reserves totalled $612 billion at the time
SAO PAULO (Reuters) -French Finance Minister Bruno Le Maire on Wednesday publicly challenged U.S. Treasury Secretary Janet Yellen's view that it would be legal to monetize some $300 billion in ...
Russian assets frozen in European accounts are generating billions of dollars in interest payments that could be diverted to help repair Ukraine’s war-torn economy — and the European Union ...
By late July 2023, the amount of frozen Russian assets held in these countries was estimated at $335 billion (€300 billion). [55] Most frozen assets, by far, reside in Europe ($217 billion (€201 billion) [120] to $230 billion (€210 billion)), [121] with the United States holding just a small portion ($5 billion (€4.5 billion)) [121] and ...
The idea of using Russia’s frozen assets has gained traction lately as continued allied funding for Ukraine becomes more uncertain and the U.S. Congress is in a stalemate over providing more support. But there are tradeoffs since the weaponization of global finance could harm the U.S. dollar’s standing as the world’s dominant currency.
Western governments want to borrow $50 billion from the market to aid Ukraine by taking the profits from frozen Russian assets to ... the $383 billion of frozen reserves includes $113 billion in ...
The funds generate 2.5 billion-3.5 billion euros a year in profit, which the EU says is not contractually owed to Russia and therefore represents a windfall. Explainer-How G7, EU plan to leverage ...
(Reuters) - Russia's Foreign Ministry said on Wednesday that the U.S. transfer to Ukraine of $20 billion backed by frozen Russian assets was "simply robbery" and suggested Moscow could seize ...