Western countries pressure China to limit Russia’s access to yuan reserves
New Delhi, March 13 (SocialNews.XYZ) Western countries are pressuring China to limit Russia’s access to its yuan reserves, Russian Finance Minister Anton Siluanov has said.
He recalled that part of Russia’s gold and currency reserves are in yuan.
“We see the pressure from Western countries on China to limit mutual trade with China. Of course there is pressure to limit access to these reserves that we have in yuan,” Siluanov said in an interview, RT reported.
The minister added that he hoped to maintain cooperation with China through partnerships.
Siluanov said the country is not giving up on its public debt obligations and will pay in rubles until Western countries release their gold and currency reserves. According to him, about 300 billion dollars of gold and currency reserves have been frozen because of the sanctions.
“It’s about half of those reserves that we had. We have a total amount of reserves of about 640 billion dollars, about 300 billion dollars are now in a state in which we cannot use them,” he said. he said, RT reported.