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Friday, March 31, 2023

Where “settled” 300 billion gold reserves of the Russian Central Bank, the expert said


Most likely, the frozen assets of the Central Bank of Russia are in the accounts of many European banks.

This opinion was expressed on Tsargrad airwaves by economist Mikhail Delyagin, according to the TELMENEWS.RU news agency.

According to him, despite the fact that a total of 300 billion euros of Russian reserves have been frozen, the Central Bank’s holdings in other currencies have settled in European banks. This is explained by the fact that our gold reserves consisted not only of dollars and euros, but of a large number of monetary units.

At the same time, as Delyagin noted, finding this money is now extremely problematic, since any European bank on whose accounts they “settled” is, on the one hand, forced to block them, but at the same time is not obliged to report on the amount of the sums seized.

Even with such assets, which, it seems, simply lie idle, as the expert explained, the bank can issue loans, since the frozen money can officially serve as collateral. Russian money is therefore already used in this way.

See also: “Children’s deposits” may appear in Russia.

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