American lawmakers approved a bill allowing the confiscation of funds earlier this week Russia’s financial stability will not be affected if the US seizes its frozen assets, Bank of Russia Governor Elvira Nabiullina told journalists on Friday. The US and its allies have blocked around $300 billion in Russian central bank assets as part of Ukraine-related sanctions, most of which are being held in the EU. On Wednesday, US President Joe Biden signed a bill allowing the White House to seize some $6 billion in Russian state assets that are sitting in US banks. “As for the possible confiscation of our gold and foreign
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