30 min ago
More than half of central bank
reserves of Russia will be
blocked under new EU
sanctions top diplomat says
From CNNs Niamh Kennedy in London
More than half of the central bank reserves of
Russia will be blocked as part of new EU
sanctions against the country the EUs top
diplomat Josep Borrell announced on Sunday
Speaking alongside European Commission
chief Ursula Von der Leyen in Brussels Borrell
said later on Sunday he would provide the
political endorsement of the 27 EU member
states for a new package of sanctions against
R
EU froze all of the Russian central bank’s euro and pound sterling accounts.
Originally, foreign exchange reserves are digital assets in foreign banks rather than cash, but they’re all gone.
For your information, the U.S. is planning to freeze all of its foreign exchange accounts in Russia.