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Russia's Finance Minister: Nearly half of Russia's reserves frozen by sanctions.

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Anton Siluanov said that $300 billion out of Russia's $640 billion reserves have been frozen, Russian media Meduza reported. Russia is facing issues with debt repayment and will pay its debts in rubles to "unfriendly countries," Siluanov said.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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"During the Spring Meetings, we found understanding from our partners that this is indeed a sensitive topic and a non-constructive idea," Ukrainian Prime Minister Yulia Svyrydenko said on April 19 in a Telegram post, referring to the new VAT tax.

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