Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Russia building reserves in assets the West can't sanction - central bank chief

FILE PHOTO: Elvira Nabiullina, Governor of Russian Central Bank, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov/File Photo

Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

Western countries froze around $300 billion - or half - of Russia's international reserves after Moscow sent tens of thousands of troops into Ukraine last year.

The central bank has previously said it considers gold, Chinese yuan and foreign currency held in cash as safe from possible further rounds of Western sanctions.

(Reporting by Reuters; Editing by Andrew Heavens)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.