A bipartisan group of senators has proposed legislation to freeze Russia’s gold reserves. In theory, the move closes a loophole in the current sanctions.
Currently, Russia is exploiting a loophole in the sanctions placed on its central bank that are allowing the government and oligarchs to launder money through gold.
A bipartisan group of senators offered legislation on Tuesday to freeze Russia's gold reserves, arguing the move would make it more difficult for Moscow to avoid the pain from international sanctions imposed over the country's invasion of Ukr