MOSCOW, December 12 — RIA Novosti. The West has engaged in a «titanical battle» with Russia over the future of the entire global financial system — this is the opinion in an article for the US edition of 19FortyFive expressed columnist Robert Farley.
After the start of the special operation on Ukraine USA, EU, Great Britain and Japan launched an anti-Russian campaign, expressed in «sanctions of such magnitude that has not been seen before in the history of world finance.» In particular, the author recalled that the $300 billion of foreign exchange reserves that Russia kept abroad were actually frozen. However, sanctions Moscow use their frozen assets to pay interest on sovereign debt without delay.
In addition, several large Russian banks have been disconnected from the SWIFT payment system. However, official Moscow took steps to protect and strengthen the national currency and demanded that foreign energy consumers pay for gas and oil in rubles.
