Russia earned $216B from gold
Profit almost covers losses from asset freeze
The Russian government earned $216 billion from the sharp rise in gold prices, Bloomberg reports. According to the agency, this amount nearly offsets the losses related to the freezing of Russian assets in Western countries.
Context
Since 2022, Western countries have frozen major Russian assets as part of sanctions, which has dealt a significant blow to the Russian economy.
Summary:
Russia gained $216 billion from rising gold prices, nearly offsetting losses from frozen assets.
- Category: Russia
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- Source: https://t.me/newsby_btrc/185794
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- Published on:
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