Russia has responded to the freezing of reserves in dollars and euros by restricting the movement of funds that could be transferred to unfriendly countries by a comparable amount, according to the regulator’s message in the regulator’s official Telegram channel.

“Restrictions were imposed on capital flows, a ban on the sale of securities by foreign investors and a ban on their withdrawal of funds from the Russian financial system. In addition, payments on corporate debt of Russian companies and government debt to debt holders from countries that support sanctions against Russia will be made only with the permission of a government commission,” the Central Bank said.

The regulator thus answered the question whether it was possible to avoid freezing part of the international reserves in dollars and euros.

“There is no such way. Cashless currency is always reflected in correspondent accounts in foreign banks and therefore can be frozen,” – explained there.

At the same time, the Central Bank added that, in fact, applied a mirror measure in response to these sanctions.