The country’s holdings, including those frozen by Western sanctions, have surpassed $540 billion Russia has risen to fourth place among the world’s largest economies in terms of foreign exchange reserves, RIA Novosti calculations published on Saturday show.
The foreign ministry in Moscow suggested Ottawa was competing with Washington in its “Russophobic rage” The Russian Foreign Ministry has sanctioned over 300 Canadian individuals in response to a similar move by the Canadian government. Delivered on Tuesday in response to what it calls the “outrageous hostility of the current Canadian regime,” Moscow’s sanctions list…