Lavrov: The Freezing of Central Bank Reserves Was Not Anticipated
Editor’s note: Not anticipated. So maybe it’s not the “sophisticated shadow play” some are still clinging to?
Machine translated from Russian.
Russian Foreign Minister Sergei Lavrov said that no one predicted the arrest by the West of the assets of the Central Bank of the Russian Federation. The minister again called the seizure of $300 billion worth of Russian assets “theft.”
“When they froze the central bnak reserves, nobody who was predicting what sanctions the west would pass could have pictured that. It’s just thievery. “said Mr. Lavrov during a speech to students and teachers of MGIMO.
About half of the central bank’s gold and foreign exchange reserves ($300 billion) were frozen due to sanctions imposed by the West in response to the Russian special military operation in Ukraine. On March 20, France blocked the Central Bank’s funds for € 22 billion. In addition to freezing the assets of the Russian Central Bank, the EU disconnected seven Russian banks from SWIFT. Sanctions led to a sharp drop in the ruble, the dollar and the euro updated historical highs.
It is indeed mind-boggling.
Or it may be some sophisticated shadow play that will only become visible later in the game. https://t.co/vyFFYpCFzG
— Pepe Escobar (@RealPepeEscobar) March 18, 2022