China took $100 billion of Russian reserves hostage

Having invested 17% of foreign exchange reserves in the yuan, the Russian authorities found that it was simply impossible to withdraw funds from Chinese assets. The sale of the yuan, in which more than $100 billion in reserves had been invested as of January 1, requires a separate agreement with China. This is stated in the presentation of the Central Bank of the Russian Federation, prepared for a meeting with members of the government on…

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Russian Foreign Minister Sergei Lavrov’s Visit to Serbia

Sergey Lavrov will leave for Serbia on an official visit - the first after the lifting of restrictive measures due to the pandemic. According to Russian Ambassador to Serbia, Alexander Botsan-Kharchenko, the epidemiological situation has caused damage to the economic sphere, but, unlike other countries, Russia and Serbia “have not canceled any areas of cooperation.” A separate item at the meeting of the Russian Minister in Belgrade will traditionally be the so-called “Kosovo Question” -…

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