Russia ‘preparing legal action’ to unfreeze $600bn foreign currency reserves
by Richard Partington Economics correspondent from on (#5YB1Z)
Elvira Nabiullina says lawsuits aim to release gold and foreign currency frozen amid Ukraine invasion sanctions
Russia is preparing to take legal action to challenge the freeze on its $600bn (462bn) foreign currency war chest put in place by western governments after the invasion of Ukraine, the head of the country's central bank has said.
Elvira Nabiullina said plans were being made to launch lawsuits after governments including the US, UK and EU froze the Russian central bank's foreign currency reserves held within their jurisdictions.
Continue reading...