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The country’s finance minister confirmed that nearly $300 billion of Russia’s forex holdings have been seized The latest sanctions imposed on Russia over its military offensive in Ukraine have frozen about half of the country’s gold and foreign exchange reserves, according to Finance Minister Anton Siluanov.

Short on greenbacks, the South American nation has paid part of its IMF loan with Chinese yuan Argentina made its latest payment on its $44 billion-loan to the International Monetary Fund using its stock of Special Drawing Rights (SDRs) and Chinese yuan, according to the Economy Ministry. The SDRs are an asset within the IMF…