Insights for Navigating an Uncertain World
“The central bank has confirmed that about $300 billion worth of assets have been frozen in the West. Total Russian foreign currency and gold reserves totaled $612 billion at the time.”
“Russia’s central bank held around $207 billion in euro assets, $67 billion in U.S. dollar assets and $37 billion in British pound assets…”
What and where are Russia’s $300 billion in reserves frozen in the West? | Reuters
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
Subscribe now to keep reading and get access to the full archive.