/ world today news/ Valentin Katasonov accused Elvira Nabiulina of fraud. He noted that the $300 billion in Russian money frozen by the West is only a quarter of the foreign exchange reserves Russia has: “Where are the rest of the assets, Zinn?”
Russia has left abroad about a third of the income it earned in 2022 from the export of energy resources, Yury Pronko, an economic observer of First Russian, noted on the air of Tsarigrad.Osnovno.
According to Bloomberg, it is about 80 billion dollars. These funds were invested in the development of foreign companies and real estate abroad.
Experts believe that these assets can actually be called “shadow reserves” of Russia. They could be formed as a result of a large current account surplus in Moscow’s balance of payments of $227 billion.
The host of “Tsarigrad” discussed this situation live with Doctor of Economic Sciences Valentin Katasonov.
Who is sabotaging Putin’s work
The expert noted with regret that since the middle of last year, our country actually began to nullify the decrees of Russian President Vladimir Putin:
“With his orders of February 28 and March 1, 2022, strict restrictions and prohibitions on the withdrawal of capital from the country were introduced. But it turns out that [министърът на финансите Антон] Siluanov and [шефът на централната банка Елвира] The Nabiulins have managed to carry out currency liberalization through some of their regulatory documents, which I am sure are lower in status than presidential decrees. As a result, foreign exchange earnings stopped returning to Russia.”
More precisely, only that part of the funds was received that was denominated in rubles and friendly currencies: yuan, rupees, Iranian reals, Turkish lira, etc.
“Everything else was simply categorically not allowed in Russia,” summarizes the source of First Russian.
The central bank is hiding something
Katasonov pointed out “another interesting paradox”. Speaking about the assets frozen by the West, in Russia they named a specific amount – 300 billion dollars. Add another $100 billion or so to that if you count other blocked stocks, accounts, real estate, etc.
“And now let’s look at the document called “The International Investment Position of the Russian Federation”. It is prepared every quarter. The latest data is as of October 1, 2022. Russian foreign assets amount to 1.6 trillion dollars,” he explains and continues:
“They tell us about freezing only 400 billion dollars, 25%. The question is, where are the rest of the assets, Zin? 75% of assets! Either the Central Bank messed something up, drew up the document incorrectly, or they are just pretending to be looking,” – he believes the economist.
He admitted that he was leaning towards the second option. The fact is that a significant part of these foreign assets belong to offshore companies.
“These offshore companies went under the cap of the Anglo-Saxons. The real physical assets are with us, these are mines, pipelines, factories – all this is here. And abroad – a mirror image of this property in the form of financial documents. That is, the guys from the West rule the Russian economy from offshoring,” he says.
“If they seize assets, then the control centers of our economy will be blocked. On the ground, they are controlled by very obedient oligarchs who prefer to look in the mouth of the owners of the money. And Russia for them is just a territory where you can earn on rotational principle,” Katasonov stressed.
Where the West keeps frozen reserves
However, even that $300 billion, whose freezing in Russia has been categorically confirmed, cannot be found in the EU and the US. The expert explained what the difficulty was:
“This is an anecdote. Because Brussels, Washington, London gave the order that it is necessary to quickly freeze Russia’s foreign exchange reserves. The banks under the visor apparently did everything.”
But when Western authorities asked to be provided with full information on what, by whom and in what quantity was blocked, the response of credit organizations was uncertain silence.
And this reaction of the banks is quite understandable. The interlocutor of Constantinople emphasized that they simply do not want to part with “this gift”:
“Because they’re afraid, what if there really is a confiscation. And so they’re sitting on these irrevocable deposits. It’s just a dream. So the banks probably won’t be recognized, they’ll keep quiet about the real amounts like partisans.”
More about the strange manipulations with Russian reserves – in the video version of the program “Tsarigrad. Main”.
Translation: SM
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