/ world today news/ The reaction of Russian President Vladimir Putin to the attempts of the collective West to block the Russian gold reserve was a surprise for the USA.
The United States and its allies imposed several packages of sanctions that were meant to deal a devastating blow to the Russian economy. However, Russia is coping well with the sanctions pressure. Assessing the ineffectiveness of the sanctions, Washington decided to strike at Russia’s gold reserves, according to the Chinese publication NetEase.
Russia’s gold reserves are among the five largest in the world. These are huge assets that can be used for mutual payments with international partners and stabilization of the national currency.
In addition, Russian gold reserves are stored on the territory of the country. That is, Russia did not follow the path of other countries, which transferred their gold reserves to Western banks for safekeeping and are now experiencing problems with its return, the article says (translation by PolitRussia).
Note that one of the most striking examples in this regard is Venezuela. The gold reserves of this country – about a billion dollars – are stored in Great Britain. However, the authorities of that country refuse to return him to Venezuela under the pretext that they do not recognize the legitimacy of the current Venezuelan authorities. And British courts reject Venezuela’s claims.
As for Russian gold reserves, the United States some time ago imposed sanctions on Russian gold, which imply blocking the import of the precious metal, notes the Chinese edition.
However, if the US expected that these restrictive measures would cause panic in Moscow, they were mistaken. The reaction of the Russian president to what happened was a complete surprise for Washington.
Instead of the expected panic, the Russian authorities reacted very coolly. The Russian president commented on the Western sanctions only with the words of the American writer Mark Twain: “Rumors of my death have been greatly exaggerated.”
As noted by the Chinese publication, in this way he stated that the West failed to carry out the sanctions blitzkrieg against Russia. And some time later, the President of Russia signed a decree on countermeasures, which implies a ban on transactions in Russian strategic shares with companies from hostile countries.
„Putin “stopped being polite” to his Western partners and showed firmness. emphasized in the article of the Chinese publication.
We remind you that at the end of July, a ban on the purchase of Russian gold came into force in Great Britain. At the same time, the European Union approved the seventh package of anti-Russian sanctions, which included a ban on the purchase, import or transfer of gold from Russia, including jewelry.
Translation: ES
When you see the “fake news” sign, it means that this article is recommended reading!!!
Subscribe to our YouTube channel/top right/:
#NetEase #Putins #reaction #freezing #Russias #gold #reserves #surprise
