“Bank of Russia in the conditions of sanctions can now dispose of approximately half of gold and foreign exchange reserves.” This, speaking in the State Duma, reported Chairman of the Central Bank Elvira Nabiullina.
She noted that after sanctions imposed on the Central Bank, Russia has the opportunity to dispose of about half reserves.
“is gold, yuan, and they do not give the opportunity to manage the situation with currency in the domestic market,” Nabiullina said.
According to her, that is why currency control measures were taken to stabilize the situation in the foreign exchange market, the requirement for the mandatory sale of currency revenue exporters was introduced.
Earlier, the head of the Ministry of Finance of Russia Anton Siluanov said that the sanctions were deprived of the country to access $ 300 billion of their reserves.