Russia restricts flow of funds to ´unfriendly´ countries

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Russia restricts flow of funds to ´unfriendly´ countries

Russia has imposed restrictions on the movement of funds that could be transferred to "unfriendly" countries and regions, its central bank said on Friday, reported Xinhua.

The measure was taken in response to the freezing of part of Russia's gold and foreign currency reserves in some countries, the central bank said on Telegram.

"A comparable amount" of funds are affected, it said, without specifying the exact sum.

Russia has a total of about 640 billion U.S. dollars of gold and foreign currency reserves, and some 300 billion of them are frozen after Moscow launched a special military operation in Ukraine, Russian Finance Minister Anton Siluanov said earlier this month.

Source: www.dailyfinland.fi

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