Report: US senators working to freeze Russia's $132 bln gold reserves
WASHINGTON, Mar 23 (PRIME) -- Several U.S. senators from both parties are working with the U.S. Treasury Department to freeze Russia’s U.S. $132 billion gold reserve, Axios reported on Wednesday citing sources with knowledge of the situation.
"Treasury Secretary Janet Yellen will meet this week with Sens. Angus King (I-Maine), John Cornyn (R-Texas), Bill Hagerty (R-Tenn.) and Maggie Hassan (D-N.H.) to discuss the legislation," the newspaper reported.
According to King, the bill can be passed later this week.