Russia’s gold reserves buy Putin a few options

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Russia’s gold reserves buy Putin a few options - GinaChon -

The U.S. Treasury Department on March 24 issued guidance that states any transaction involving gold related to the Russian central bank is covered by its existing sanctions.

A senior White House official said Russia has up to $140 billion in gold, making up about 20% of the country’s central bank reserves before its invasion of Ukraine on Feb. 24.An employee handles gold ingots in Krasnoyarsk, Russia, November 16, 2009.

Source: News Formal (newsformal.com)

 

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