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Tags: russian | vladimir putin | gold | reserves | sanctions

Russia Continues to Hoard Gold, Key to War Effort

Russian President Vladimir Putin looks on as he holds a meeting of the Russia - Land of Opportunity platform supervisory board at the Catherine's Hall of the Kremlin in Moscow on April 20. (Mikhail Tereshchenko/Getty Images)

By    |   Friday, 22 April 2022 06:28 AM EDT

Russian President Vladimir Putin has been amassing vast reserves of gold, seeing the precious commodity as vital for financing his nation's war on Ukraine – and as a key tool to evade the onerous Western sanctions resulting from the conflict.

Experts remain divided, however, on whether Putin's play to evade sanctions will work.

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Russian President Vladimir Putin has been amassing vast reserves of gold, seeing the precious commodity as vital for financing his nation's war on Ukraine - and as a key tool to evade the onerous Western sanctions resulting from the conflict.
russian, vladimir putin, gold, reserves, sanctions
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2022-28-22
Friday, 22 April 2022 06:28 AM
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