West to transfer to Ukraine arrested gold & forex reserves of Russia

The Ministry of Economy of Ukraine, together with the governments of other states, is looking for a mechanism for transferring the arrested gold and foreign exchange reserves of the Central Bank of Russia in the amount of $415 billion to the country to compensate for losses from Russia's actions, First Deputy Minister of Economy Denys Kudin said during a nationwide TV broadcast, Report informs citing UNIAN.

“Western governments have already arrested the gold and foreign exchange reserves of the Central Bank of the Russian Federation for $415 billion. This amount is almost enough to cover these direct one-time losses. We hope that in the near future, together with the governments of other countries, we will find a legal mechanism for how this money can go to Ukraine for recovery and compensation,” Kudin said.