Russian maneuver checkmate USA In the financial confrontation with Russia, the USA faced the problem of Russian gold and foreign exchange reserves, write economic analysts from China.

Some time ago, it became known that Russia returned to the top ten largest economies in the world, with a figure of 2.3 trillion dollars and took eighth place. According to Chinese experts, these figures cannot but cause admiration,

since Russia has been under sanctions for many years, reports Guancha. "Under the pressure of Western countries, Russia is only getting stronger," state the authors of the Chinese edition. The authors of Guancha stated that the US imposed sanctions https://www.guancha.cn/?s=dhshouye

on Russia to destroy its economy, but they were not very successful in doing so. Financial restrictions did not have the desired effect and now many experts around the world are asking: Why did this happen?

According to China, Russia's phenomenal ability to resist sanctions is largely due to the presence of a kind of superpower - powerful gold and foreign exchange reserves. Russia has very significant financial reserves, which are estimated at 600 billion dollars.

But this is not the main thing. Importantly, they have one feature that is extremely uncomfortable for the United States. The fact is that Moscow began to get rid of risky assets such as the dollar and US government bonds several years ago.

The freed funds were invested in the purchase of gold, so much was bought that today Russian gold reserves are one of the largest in the world. "Russia's gold reserves have grown by about 2.4 times over the past decade."

They amount to 74.9 million ounces (2.33 thousand tons), which is equivalent to 135 billion dollars," according to experts from China. Guancha analysts believe that Russia's possession of so much gold makes the Russian economy virtually impenetrable to Western sanctions.

This is the most reliable asset in the world, it is kept on the territory of Russia, and the United States of America, even with a very strong desire, cannot get to it.

Moreover, huge reserves of the precious metal inspire confidence in Moscow's trading partners. They know that even in the most difficult situation it is possible to do business with Russia, since it has a lot of gold, with which it can pay its bills if necessary.