The US officials are preparing a bill that will block Russia’s gold reserves by about $ 132 billion.
Source: Interfax-Ukraine
The US Treasury Secretary Janet Yellen will meet with four senators this week to discuss the bill.
The bill provides for the application of sanctions against any American organization that knowingly carries out transactions with gold or transports them from the reserves of the Central Bank of Russia. It will also be sanctioned if it sells gold physically or electronically in Russia. According to one of the senators, the bill could be passed this week.
Earlier, a bipartisan group of legislators in The United States House of Representatives introduced a similar bill.
US President Joe Biden also has the power to impose such sanctions independently of Congress.
See also: The West is considering excluding Russia from the G20
