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MOSCOW, March 17 Bank of Russia Governor Elvira Nabiullina on Foreign Regulators' Search for Russian Reserves Abroad: I Can't Help Here I can.
A Bloomberg correspondent during a press conference noted, citing foreign regulators, that they cannot find the $300 billion in Russian reserves that are under sanctions. According to her, regulators say they have found much less and the numbers are very small. The journalist asked if it could be that Russia does not have so many arrested reserves and the Central Bank somehow hid everything.
«As for the reserves, I can't help here,» Nabiullina responded.
Western countries, after the start of Russia's special operation in Ukraine, imposed a number of sanctions against the Russian Federation. At the end of June 2022, the US Treasury Department announced that Russian foreign exchange assets worth $330 billion were frozen, including $300 billion of Central Bank assets. This corresponds to about half of Russia's gold and foreign exchange reserves.
Meanwhile, as of February 2023, the EU authorities had reliable data on the freezing of Russian assets for only 36.4 billion dollars, while their total amount is in accounts in the EU was estimated at 258 billion, Bloomberg reported, citing documents. /20220906/minfin-1814833527.html» data-title=»The global task of Russia was named in the Ministry of Finance»>