About half foreign exchange reserves of Central Bank of Russia have been bound by sanctions, he said Minister of Finance of the country Anton Siluanov on the show “Moscow. Kremlin. Putin “of the state television bulletin” Russia-1 “.
“It’s about half of those stocks we have. “The total volume of reserves is about 640 billion US dollars, about 300 billion of the reserves are now in a state in which we can not use them,” said the Russian minister, noting that part of the Russian reserves in gold and foreign exchange is in Chinese yuan currency.
According to the Russian minister, Western pressure is being exerted on China to reduce trade with Russia, “in order to limit access to those stocks that we have in yuan, but I think that our partnership with China will allow nevertheless, to maintain that cooperation, which we have achieved, and not only to maintain it, but also to multiply it under the conditions, in which the western markets are closing “.
THE Russian Minister of Finance He acknowledged that “there have been problems with the implementation of our obligations, including debt payments”, and therefore “debts that we have to pay to countries that have treated the Russian Federation unfriendly and imposed such restrictions on the use of foreign exchange stocks, especially these countries we will pay the debts in their equivalent in rubles “.
According to A. Siluanov, “there are enough resources in the budget, the Central Bank of Russia will provide the necessary liquidity to the financial system”, while the Russian government will do whatever is necessary to strengthen the Russian banks, which are affected by the sanctions. .
Earlier, Russia’s Deputy Finance Minister Irina Oklandnikova said, according to TASS, that the reserves reserved for Western banks “will be made available to the Central Bank after talks and major implications for the Russian budget will not be.”
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