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Russia says it plans legal action over frozen assets
CGTN

Russia plans to take legal action over the blocking of gold, forex and assets belonging to Russian residents, Central Bank Governor Elvira Nabiullina said on Monday, adding that such a step would need to be painstakingly thought through and legally justified.

Foreign sanctions have frozen about $300 billion of around $640 billion that Russia had in its gold and forex reserves.

Fifty-two foreign organizations from 12 countries have joined Russia's own financial transfer system, the System for Transfer of Financial Messages (SPFS), developed as an alternative to SWIFT, Nabiullina added.

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