Gold Hoarding Pays Off: Russia Offsets Frozen Assets with Precious Metals

25.04.07

Russiaโ€™s strategic gold investments are paying off during sanctions. Since early 2022, their gold reserves have surged 72% in value to $229 billion, offsetting about a third of the $322 billion in foreign assets frozen by Western nations after the Ukraine invasion. This gold strategy began after Russiaโ€™s 2014 Crimeaโ€ฆ

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