EU Blocks Transactions With Russia's Central Bank

The transcript discusses the strategic placement of Russian Central Bank reserves in banks of G7 countries and other locations where they cannot be blocked. It highlights the limitations of blocking these reserves, especially those in Moscow and China. Over recent years, Russia has strategically placed its reserves in countries to avoid potential financial blockades, preparing for situations where their assets might be targeted.

What is the significance of the statement 'And they will block it' in the context of the text?

In which countries has Russia been placing their reserves?