The Russians have about $120 billion to be frozen in Western banks | Economie

[Hamartia Antidote]

The Russians have about $120 billion to be frozen in Western banks | Economie

Russian citizens had at least $122.3 billion deposited with Western banks as of September 2021, according to data provided by these institutions to the Bank for International Settlements (BIS). The...

www.mediarunsearch.co.uk

Russian citizens had at least $122.3 billion deposited with Western banks as of September 2021, according to data provided by these institutions to the Bank for International Settlements (BIS).

The figure gives an idea of the money now frozen in Western banks, with the sanctions imposed by the United States and Europe on Russian assets due to the invasion of Ukraine.

• EU sanctions against the Russian Central Bank come into force
• Europe, the United States and Canada have decided to ban Russian banks from using Swift

“The impact is not just limited to Russia,” says an economist on Swift’s exclusion of Russian banks.

It is curious that the Russians prefer French banks, since 24.9 billion dollars are deposited in institutions in these countries. Then comes the $23.2 billion in Swiss banks.

Russian money in American banks amounted to $20.2 billion and in British banks $14.5 billion.

In countries such as Brazil, Mexico, South Africa and Chile, Russians did not have deposits in local banks.

However, the figures reported to the BIS seem very modest, including due to frequent capital flight in Russia. Apparently, there is a lot of practice to hide the origin of money through opaque entities.

Some analysts estimate that Switzerland alone receives between $5 billion and $10 billion in additional Russian money annually.

The Swiss government said last week that Swiss banks will no longer accept any money from people and companies on sanctions lists. The question that the Swiss government must decide today is whether to freeze the funds already deposited by the Russians.
https://www.mediarunsearch.co.uk/th...-portuguese-economy-to-grow-by-4-4-this-year/
Swiss President Ignazio Cassis told French television that it was “very likely” that the government would decide to tighten sanctions against Russia at a meeting on Monday. But he refused to confirm whether the country would fully follow the United States and Europe in financial sanctions against the Russian elite who support Vladimir Putin in his invasion of Ukraine.

The European Commission and partner countries condemn the attack on Ukraine and agree to Russia’s withdrawal from Swift

 

[Abdul Rehman Majeed]

The Russians have about $120 billion to be frozen in Western banks | Economie

Russian citizens had at least $122.3 billion deposited with Western banks as of September 2021, according to data provided by these institutions to the Bank for International Settlements (BIS). The...

www.mediarunsearch.co.uk

Russian citizens had at least $122.3 billion deposited with Western banks as of September 2021, according to data provided by these institutions to the Bank for International Settlements (BIS).

The figure gives an idea of the money now frozen in Western banks, with the sanctions imposed by the United States and Europe on Russian assets due to the invasion of Ukraine.

• EU sanctions against the Russian Central Bank come into force
• Europe, the United States and Canada have decided to ban Russian banks from using Swift

“The impact is not just limited to Russia,” says an economist on Swift’s exclusion of Russian banks.



Russian money in American banks amounted to $20.2 billion and in British banks $14.5 billion.

In countries such as Brazil, Mexico, South Africa and Chile, Russians did not have deposits in local banks.

However, the figures reported to the BIS seem very modest, including due to frequent capital flight in Russia. Apparently, there is a lot of practice to hide the origin of money through opaque entities.

Some analysts estimate that Switzerland alone receives between $5 billion and $10 billion in additional Russian money annually.

The Swiss government said last week that Swiss banks will no longer accept any money from people and companies on sanctions lists. The question that the Swiss government must decide today is whether to freeze the funds already deposited by the Russians.
https://www.mediarunsearch.co.uk/th...-portuguese-economy-to-grow-by-4-4-this-year/
Swiss President Ignazio Cassis told French television that it was “very likely” that the government would decide to tighten sanctions against Russia at a meeting on Monday. But he refused to confirm whether the country would fully follow the United States and Europe in financial sanctions against the Russian elite who support Vladimir Putin in his invasion of Ukraine.

The European Commission and partner countries condemn the attack on Ukraine and agree to Russia’s withdrawal from Swift

This is a great lesson for others that never trust and put your assets in Western Banks and Western currencies.

Chinese Yuan or Gold are the best.

 

[nahtanbob]

The Russians have about $120 billion to be frozen in Western banks | Economie

Russian citizens had at least $122.3 billion deposited with Western banks as of September 2021, according to data provided by these institutions to the Bank for International Settlements (BIS). The...

www.mediarunsearch.co.uk

Russian citizens had at least $122.3 billion deposited with Western banks as of September 2021, according to data provided by these institutions to the Bank for International Settlements (BIS).

The figure gives an idea of the money now frozen in Western banks, with the sanctions imposed by the United States and Europe on Russian assets due to the invasion of Ukraine.

• EU sanctions against the Russian Central Bank come into force
• Europe, the United States and Canada have decided to ban Russian banks from using Swift

“The impact is not just limited to Russia,” says an economist on Swift’s exclusion of Russian banks.



Russian money in American banks amounted to $20.2 billion and in British banks $14.5 billion.

In countries such as Brazil, Mexico, South Africa and Chile, Russians did not have deposits in local banks.

However, the figures reported to the BIS seem very modest, including due to frequent capital flight in Russia. Apparently, there is a lot of practice to hide the origin of money through opaque entities.

Some analysts estimate that Switzerland alone receives between $5 billion and $10 billion in additional Russian money annually.

The Swiss government said last week that Swiss banks will no longer accept any money from people and companies on sanctions lists. The question that the Swiss government must decide today is whether to freeze the funds already deposited by the Russians.
https://www.mediarunsearch.co.uk/th...-portuguese-economy-to-grow-by-4-4-this-year/
Swiss President Ignazio Cassis told French television that it was “very likely” that the government would decide to tighten sanctions against Russia at a meeting on Monday. But he refused to confirm whether the country would fully follow the United States and Europe in financial sanctions against the Russian elite who support Vladimir Putin in his invasion of Ukraine.

The European Commission and partner countries condemn the attack on Ukraine and agree to Russia’s withdrawal from Swift

Does the freeze impact Russian government accounts only ? Seizing accounts of ordinary citizens seems harsh to me

This is a great lesson for others that never trust and put your assets in Western Banks and Western currencies.

Chinese Yuan or Gold are the best.

what is stopping you ?

 

[AZADPAKISTAN2009]

Bit harsh to seize citizens of Russia who have no military ties seems like witch hunt and , robbery

 

[Han Patriot]

Does the freeze impact Russian government accounts only ? Seizing accounts of ordinary citizens seems harsh to me



what is stopping you ?

Those belong to the oligarchs, I belive Putin is doing a calculated move. He wants to limit the power of the oligarchs too, by making them targets of US sanctions, they have no choice but be onboard with his plans.

 

[hualushui]

Pirate traditions have never gone away, they haven't changed for hundreds of years.

 

[Abdul Rehman Majeed]

 

[mmr]

Good. I am glad even swiss seize the funds. They are famous for being neutral.

 

[Han Patriot]

Good. I am glad even swiss seize the funds. They are famous for being neutral.

If you do the accounting right, Putin will seize foreign assets in Russia. I think this guy planned all these for years that's why half the reserves are in safe havens. One thing people fail to realise is how much RMB trade through Cips is happening behind the scenes and not announced. Imagine Venezuela and Iran still buying Chinese goods but paying with RMB quietly, nobody can track this actually, Cips jus don't declare it. NK sells seafood and coal to China in return for Chinese trade. There is a huge unreported trade happening outside the current system.

 

[beijingwalker]

US will rue the day in several years.

 

[tower9]

So it’s ok to steal personal property now?

 

[mmr]

If you do the accounting right, Putin will seize foreign assets in Russia. I think this guy planned all these for years that's why half the reserves are in safe havens. One thing people fail to realise is how much RMB trade through Cips is happening behind the scenes and not announced. Imagine Venezuela and Iran still buying Chinese goods but paying with RMB quietly, nobody can track this actually, Cips jus don't declare it. NK sells seafood and coal to China in return for Chinese trade. There is a huge unreported trade happening outside the current system.

Putin will make russia completely dependent on china. Not a good strategy from russian perspective.

 

[tower9]

US will rue the day in several years.

What a completely ignorant stupid decision with no foresight.

 

[ZY-CN-CA]

I have a question..?
Ordinary Russian-Americans such as IT work, will their money be frozen? If the US dollar is not frozen, can they still send money to Russian family members from his US bank US dollar account?

 

[CrazyZ]

According to Al Jazeera most of these funds are owned by Israeli's of Jewish Russian origin. Probably why Moscow doesn't care much.