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First there was Tether; the controversial dollar-backed cryptocurrency that so many of the US establishment are fearmongering about. Then the Chinese launched a gold-backed, yuan-denominated oil futures contract. After that came Petro, the.

United statesElvira nabiullinaVladimir putinAlasdair macleodVladimir gutenevSergey glazyevMikhail leskovNational wellbeing fundRussian energy weekRussian national wealthCentral bankDuma committee on industryInstitute of geotechnologyRussian finance ministryMoscow based instituteRussian president vladimir putin