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Accumulating gold in Russia's reserves not advisable right now, will lead to money supply growth

Accumulating gold in Russia's reserves not advisable right now, will lead to money supply growth
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Russian central bank sees no need in raising gold holdings

Western sanctions, imposed shortly after Moscow sent its troops to Ukraine on Feb. 24, froze around half of Russia's gold and forex reserves.

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Russian threats to cut off gas supplies to the EU

The G7 countries (USA, Canada, Great Britain, Germany, France, Italy and Japan) have declared that they do not intend to switch to paying for Russian gas supplies in roubles. Chancellor Olaf Scholz announced that the vast majority of contracts concluded by German companies provide for payment for gas imports from Russia in euros. The Japanese government intends to recommend that its domestic companies reject Moscow’s demands in this matter.

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Russian Duma passes bill allowing purchase of precious metals for foreign currency

Russian Duma passes bill allowing purchase of precious metals for foreign currency
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