What Sanctions Mean for Russia’s $140 Billion in Gold

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What Sanctions Mean for Russia’s $140 Billion in Gold
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Sanctions could make it more difficult, but not impossible, for Russia to sell some of its gold to raise money while its invasion of Ukraine continues

The U.S.

is clamping down on Russia’s ability to sell its gold reserves and raise money, the latest effort to cripple the country’s war chest while theThe Treasury Department clarified Thursday that any transaction involving gold related to Russia’s central bank falls under existing sanctions, its latest step to limit Russia’s capacity to raise money.

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