U.S. Senate Wants Sanctions On Russia's Gold Reserves
Putin rapidly increased the pace of Russia's gold buying in 2014, just as the U.S. imposed fresh sanctions when Russia invaded Crimea
* The bill is being introduced by Sen. Angus King, I-Maine, John Cornyn, R-Texas, Bill Hagerty, R-Tenn., and Maggie Hassan D-N.H.
* It would apply secondary sanctions to anyone transporting gold from Russia's central bank holdings or selling gold physically or electronically in Russia
* Sanctions against Russia have frozen the nation's foreign exchange assets
* The senators note that the Kremlin is escaping sanctions through a loophole that allows the Kremlin to launder money through gold
A group of bipartisan senators is putting forth a bill to cut Vladimir Putin off from the $132 billion Russia holds in gold reserves.
The bill, introduced by Sen. Angus King, I-Maine, John Cornyn, R-Texas, Bill Hagerty, R-Tenn., and Maggie Hassan D-N.H., would apply secondary sanctions to anyone transacting with or transporting gold from Russia's central bank holdings or selling gold physically or electronically in Russia.
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WNU Editor: After seizing (stealing) $630 billion in Russian foreign currency reserves, the US government is now focused on Russia's gold. So what is next?
U.S. Senate Wants Sanctions On Russia's Gold Reserves
Scoop: Senators look to lock down Russia's gold reserves -- Axios
Russia's $132 billion in gold reserves could face US sanctions as new legislation seeks to choke off potential lifeline, report says -- Business Insider
U.S. Senators Seek to Bar Russia Selling Gold to Dodge Sanctions -- Bloomberg
Senators seek to freeze Russian gold reserves -- The Hill
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