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Kremlin accuses West of having "essentially stolen" gold, forex reserves via sanctions

UKRAINE-CRISIS-NATO-RUSSIA:NATO backs US accusations against Moscow on arms treaty
UKRAINE-CRISIS-NATO-RUSSIA:NATO backs US accusations against Moscow on arms treaty Copyright Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
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MOSCOW -Russia on Monday accused Western countries of having "essentially stolen" its gold and foreign exchange reserves via sanctions.

Asked by reporters about a European Union proposal to transfer frozen Russian assets to Ukraine, Kremlin spokesman Dmitry Peskov said: "In general, a part large of our assets have been essentially stolen by specific Western countries."

Unprecedented Western sanctions have frozen around half of Russia's gold and foreign exchange reserves, which stood near $640 billion before Moscow sent troops into Ukraine on Feb. 24.

Last week, European Council head Charles Michel said that the bloc should consider transferring frozen Russian reserves to Ukraine.

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