Roughly half of Russia’s $640 billion of gold and forex assets held abroad were frozen by Western central banks last March An increasing number of countries are bringing home their bullion reserves in the wake of unprecedented sanctions imposed by the West on Russia, Reuters reported on Monday, citing an Invesco survey of central bank…

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Years of Western mistakes are hurting the world economy, the Russian president said Western nations have mismanaged the global economy, and the entire world is now paying the price for their incompetence, Russian President Vladimir Putin said on Monday. He made the claim during an address ahead of the St. Petersburg International Economic Forum (SPIEF).