City
Epaper

Russia restricts flow of funds to 'unfriendly' countries, regions

By IANS | Updated: March 26, 2022 02:25 IST

Moscow, March 26 Russia has imposed restrictions on the movement of funds that could be transferred to "unfriendly" ...

Open in App

Moscow, March 26 Russia has imposed restrictions on the movement of funds that could be transferred to "unfriendly" countries and regions, its central bank has said.

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 on Friday.

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

Russia has a total of about $640 billion 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 March.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: RussiaXinhuaMoscowRussian parliamentPakistan russiaRusAnton siluanov
Open in App

Related Stories

InternationalRussia Train Accident: Goods Train Derails and Bursts Into Flames After Colliding With Truck in Smolensk (Watch Video)

InternationalRussia-Ukraine War: Poland Urges Citizens to Urgently Leave Belarus 'By Any Necessary Means'

InternationalPoland Shuts Airports After Russian Drones Sighted in Airspace; Polish Armed Forces Neutralising Flying Objects

InternationalPM Narendra Modi, Chinese President Xi Jinping and Russian President Vladimir Putin Seen Interacting at SCO Summit 2025 in China

NationalDonald Trump Imposes Additional 25% Tariff on India, Total Tariff Now 50%

Politics Realted Stories

MumbaiAmeet Satam Appointed As Mumbai BJP President Ahead of BMC Polls

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray