Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War” – 11.29.2017

 

  • In a surprising, and unexpected warning – which seemingly came out of nowhere – Russia’s Finance Minister Anton Siluanov cautioned Washington yesterday that “If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism.”
  • The comment appears to have been prompted by consideration of escalating US/EU sanctions which could ultimately impact Russia’s offshore held gold and reserves. If sanctions include the  freezing of foreign accounts of the central bank, it would be equal to declaring financial war on Russia, Siluanov said, although he added that he considers such a scenario unlikely (for now).
  • After making the point that Russia’s budget is prepared for the possibility of tougher US/EU sanctions, RT reports that Siluanov warned

Read more at:Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War”

Source: zerohedge.com

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