Seizure Of Russian Forex Reserves By US Would Mean ‘Financial War’

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Seizure Of Russian Forex Reserves By US Would Mean 'Financial War'

According to Russian Ministry of Finance, if the US decides to seize Russia’s foreign exchange reserves, it would be considered a “declaration of a financial war.”

“If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism,” said Russian Finance Minister Anton Siluanov.

According to Siluanov, the budget takes into account the risk of income shortfalls. The budget is based on oil prices at $40 per barrel, which is almost a third lower than the current price. It also accounts for losses incurred by a possible ban on investment in Russian government bonds for foreign funds, which the US Treasury currently considers.

“If we did not have a margin of safety, then it would be easy to weaken us. And then, our so-called friends would say – if you want to get help from the International Monetary Fund, you must do this and that,” said Siluanov.

If sanctions include the freezing of foreign accounts of the central bank, it would be equal to declaring financial war on Russia, Siluanov said. He added that he considers this unlikely to happen.

As of September, Russia had $103.9 billion invested in US debt.

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  • Ivan Freely

    Very foolish of the Russians to allow their forex reserves to be accessible by those psychos. Frankly, I’m surprised that they allowed this situation to be possible.

    • John Whitehot

      do you even know what you’re talking about? because it doesn’t seem so.

  • Joe

    Don’t understand if that is the case why don’t they liquidate the uS debt?

    • MikeH

      Until they are to be completely free of the USD in transactions, they have to have these forex accounts. I would suspect they are altering their contracts regarding payment for energy to Europe as we speak.

  • Solomon Krupacek

    As of September, Russia had $103.9 billion invested in US debt.

    traitor putin and medvedev. plus oligarchs.

  • Igor Dano

    Idiots.
    How can they store gold in us?