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Russia’s gold reserve: US looks into freezing it

Newsman: Treasury Secretary Janet Yellen and U.S. lawmakers are discussing the possibility of freezing Russia’s gold reserves according to report published by USA TODAY in reference of a US lawmaker’s statement. Russia’s gold reserves estimated at a value of $130 billion, after legislators introduced a bill targeting Russia’s ability to sell its gold to avoid the impact of sanctions.

“We cannot allow Putin to take advantage of a loophole that could help finance his unconscionable attack on Ukraine,” said Democratic Sen. Maggie Hassan of New Hampshire told news media reporter.

Russia’s President Vladimir Putin has for years built Russia’s stockpile of gold, which is not subject to the sanctions imposed by the West since the early stages of the Ukraine invasion.

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