KTFA

KTFA: Samson:  US Treasury freezes $330 billion in Russian assets

29th June, 2022

The US Treasury announced, on Wednesday, the freezing of Russian assets worth $330 billion, since the start of the war in Ukraine.

In this context, the President of the Russian Central Bank, Elvira Nabiullina, hinted that the financial regulator (the Russian Central) may continue to cut the key interest rate, but of course the situation here is very volatile.

Russian Finance Minister Antonsiluanov said that the ministries of Finance and Economic Development are ready to lose part of the budget funds for the year 2022 to stabilize the ruble exchange rate.

The Russian currency is witnessing an increase against the American and European currencies, and during today’s trading, the dollar was trading below the level of 51 rubles, for the first time since May 2015.  LINK

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Samson:  Russia is looking for buyers of gold to counter US sanctions

29th June, 2022

Russia will look to export gold to other countries after the United States banned Russian gold imports, the official TASS news agency reported, citing Russian Deputy Foreign Minister Sergei Ryabkov as saying on Wednesday.

The United States on Tuesday imposed sanctions on more than 100 targets in Russia and banned new imports of Russian gold, fulfilling commitments made this week by Group of Seven leaders to punish Russia for its invasion of Ukraine.

The British government said last Sunday that it, along with the United States, Japan and Canada, would ban any new imports of Russian gold as part of measures aimed at punishing Moscow.   LINK