Russia is looking for the cheapest way out of the situation – analyst on the consequences for the aggressor country

Russia is already feeling the consequences of the attack on Ukraine/Getty Images

The main creditors, international organizations and major banks froze Russia's gold and foreign exchange reserves, which were at their disposal, or simply do not allow the Russians to work with them. Therefore, the aggressor country is looking for the cheapest way out of this situation.

This was stated by the expert of the Foreign Policy Council “Ukrainian Prism” Oleksandr Kraev on the air of Channel 24. As of February 2022, Russia had $630 billion in gold and foreign exchange reserves.

According to Kraev, 15% of the gold and foreign exchange reserves were stored on Russian territory and only in gold. Another 23% is in China, but already in currency: one half in euros, the other in dollars.

It turns out that Russia has $ 200 billion left, of which it cannot trade with this 15% of gold since last week. All international exchanges have suspended operations for the exchange and transactions of Russian gold. Virtually all the money stays with China.

Alexander Kraev

Expert of the Foreign Council politics “Ukrainian Prism”

As Kraev noted, now one can only imagine what conditions Beijing will set for the Russians to issue this money, if the country is already buying up tens of percent of Russian state-owned companies.

” That is, the Russians are in a very difficult situation. Wherever you go, it will be more expensive. Therefore, they are looking for the cheapest way out of this situation,” the analyst added.