Russia’s finance minister revealed that about $300 billion of Russia’s foreign exchange and holdings have been seized amid sanctions from Western nations. “We have a total amount of reserves of about $640 billion, about $300 billion of reserves are now in a state in which we cannot use them,” Finance Minister Anton Siluanov told state-run media on Sunday. Siluanov further said that more pressure could be applied to the Russian economy due to increased pressure from the West on China. “We have part of our gold and foreign exchange reserves in the Chinese currency, in yuan. And we see what pressure is being exerted by Western countries on China in order to limit mutual trade with China. Of course, there is pressure to limit access to those reserves,” he said. White House national security adviser Jake Sullivan warned the Chinese regime not to provide Russia with the financial cushion it seeks. “We …
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