(Reuters) – Russia’s central bank on Friday said restrictions it imposed on capital flows were a tit-for-tat move after its reserves were frozen by Western countries over events in Ukraine.
“In response to the freezing of part of Russia’s reserves, Russia also introduced restrictions on the movement of funds that could be transferred to unfriendly countries by a comparable amount,” the central bank said.
The bank also said that all the gold in Russia’s foreign exchange reserves was currently on Russian territory.
(Reporting by Reuters; editing by Jason Neely)
