The sovereign funds have been seized by the West as part of Ukraine-related sanctions Nearly $300 billion worth of Russian forex reserves have been frozen by Western countries since March 2022. The EU has been seeking ways to tap the profits from those funds, but Moscow warned that any such move would constitute theft.
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The cryptocurrency Solana, associated with the bankrupt FTX exchange, continued its three-day retreat on Monday to trade at around $14 a token. The price is now down 95% from its all-time high of $259.96 last November.
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