Russian Central Bank Governor Elvira Nabiullina stated on Thursday that the bank is not involved in discussions regarding the lifting of sanctions or freezing Russia's foreign currency reserves. She mentioned, "The central bank does not take part in such negotiations, and I am unaware of them" when asked about the potential inclusion of sanctions relief in a peace agreement.
As of the beginning of 2022, Russia's central bank had approximately $207 billion in euro assets, $67 billion in U.S. dollar assets, and $37 billion in British pound assets.
Last June, the Group of Seven and the EU agreed to utilize the interest earned from the frozen Russian assets to provide a $50 billion loan for Ukraine, prompting Russia to threaten legal action.