Categories
Uncategorized

De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic Forum on Thursday that dollar assets will be removed from the National Wealth Fund (NWF) altogether as Washington continues to impose sanctions on Moscow. According to a translation by Reuters, he told reporters: Like the…

The post De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *