Russia crosses ruble foreign trade threshold<\/a><\/figcaption><\/figure>\n<\/blockquote>\nThe Bank of Russia has not provided a detailed breakdown of the assets held by Western agencies since the escalation of the Russia-Ukraine conflict in 2022, though it continues to include them in its official reserve figures. Russia\u2019s total reserves grew by over $100 billion from the beginning of 2023.<\/p>\n
About two-thirds of Russia\u2019s reserves frozen by the West are held by Brussels-based clearing house Euroclear. In April, the EU reported \u20ac2.1 billion ($2.3 billion) in profits from the assets. While legal and political obstacles have stalled\u00a0attempts at\u00a0outright confiscation, EU leaders have authorized using the earnings to support Kiev.<\/p>\n
Last year, Euroclear transferred \u20ac1.5 billion in interest income to a $50 billion G7 loan for Ukraine. The European Commission has since disbursed \u20ac7 billion from its \u20ac18.1 billion share, to be repaid using proceeds from the frozen funds.<\/p>\n
Brussels is also considering reinvesting the assets in higher-yield instruments to increase returns.<\/p>\n
Moscow has condemned the asset freeze, with President Vladimir Putin calling the use of Russian funds by the West \u201crobbery\u201d<\/em> and warning of serious consequences. He said any attempt to seize the reserves would undermine global financial stability and accelerate the shift toward regional payment systems and away from Western institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"The country\u2019s holdings have increased by $5.5 billion since the start of July, according to the central bank Russia\u2019s international […]<\/p>\n","protected":false},"author":1,"featured_media":393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/391"}],"collection":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/comments?post=391"}],"version-history":[{"count":2,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/391\/revisions"}],"predecessor-version":[{"id":395,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/391\/revisions\/395"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/media\/393"}],"wp:attachment":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/media?parent=391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/categories?post=391"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/tags?post=391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}