Senators seek to freeze Russian gold reserves

[Yo_Mama_Been_Loggin]

Abipartisan group of senators offered legislation on Tuesday to freeze Russia's gold reserves, arguing this would make it more difficult for Moscow to avoid the pain from international sanctions imposed over the country's invasion of Ukraine.

"The free world's sanctions are devastating Russia's economy - and as long as Putin continues his unprovoked and horrific invasion of Ukraine, we must keep up the pressure," Sen. Angus King (I-Maine) said in a statement announcing the legislation. "Russia's massive gold supply is one of the few remaining assets that Putin can use to keep his country's economy from falling even further."

The bill, called "Stop Russian Government and Oligarchs from Limiting Democracy," would apply secondary sanctions to American entities that intentionally transacted with or transported gold from Russia's central bank holdings.

Americans would also be subject to sanctions if they sold gold physically or electronically in Russia, according to the proposal, sponsored by King and fellow Sens. John Cornyn (R-Texas), Bill Hagerty (R-Tenn.), and Maggie Hassan (D-N.H). The bill would also provide guidance to Americans as to how they could avoid such sanctions, the senators explained.

https://www.msn.com/en-us/news/politics/senators-seek-to-freeze-russian-gold-reserves/ar-AAUMbNL

[Hugin]

1. I'll hang on to it for them.

Independent honest disinterested third party.

What?

[no_hypocrisy]

2. Gold was over $2,000 an ounce this morning.

That's a lot of money.

[ProudMNDemocrat]

4. My 16 inch 14Kt gold herringbone bone chain weighs that much

There has to be an ounce or so of gold in it.

Last I checked 4 years ago, would cost $1,500 to replace it. It is 3/8" wide. I bought it in 1984 for $200.

[rickford66]

3. Make it radioactive and give it back to him.

[11 Bravo]

6. Would Tuckums still be allowed to give his lunch money to Vlad?