Skip to main content

Kremlin Signals They Want The Ruble To Be Peg To Gold Prices And Other Commodities

This picture taken on August 13, 2021, in Moscow, shows Russian ruble coins and banknotes pictured next to Russian ruble sign. (AFP)  

Reuters: Kremlin says idea to peg rouble rate to gold prices is being discussed  

Russian President Vladimir Putin is discussing with officials the idea of pegging the ruble to gold and other goods, the Kremlin said on Friday. 

A powerful Russian security official said this week linking the ruble to bullion could give Russia more “sovereignty” over its financial system, which has been battered by Western sanctions since Moscow sent troops into Ukraine on February 24. 

Asked about the idea on a conference call with reporters, Kremlin spokesman Dmitry Peskov said “this question is being discussed with Putin.”  

Read more ....  

Update: A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities (Zero Hedge)  

WNU Editor: Russia is a commodities-based superpower. Having its currency backed by gold and other critical commodities may work. But for now the Russian Central Bank is saying no .... Bank of Russia Rejects Ruble-Gold Peg Idea, Differs With Kremlin (Bloomberg)..



from War News Updates https://ift.tt/SN3G6kQ
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US-built first Saudi MMSC frigate HMS Saud launched at Fincantieri’s shipyard

According to information published by the Saudi Ministry of Defense on December 18, 2025, the first Multi-Mission Surface Combatant frigate constructed in the United States for the Royal Saudi Navy has been officially launched at Fincantieri Marinette Marine’s shipyard in Marinette, Wisconsin. The ship, designated HMS Saud with pennant number 820 and also known as Jalalat Al-Malik Saud in honor of King Saud, is the lead vessel in a four-ship program ordered under Project Tuwaiq through the U.S. Foreign Military Sales framework, a deal that defense officials have repeatedly described as a cornerstone of bilateral naval cooperation. Read more.   The HMS Saud (820) has an overall length of approximately 118 meters, in some sources detailed as 118.6 meters, with a beam of 17.6 meters, a draft of about 4.3 meters, and a full-load displacement estimated at roughly 3,600 tonnes. (Picture source: Saudi MoD) Read full Defense news.  from World Defence News https://ift....
Post a Comment
Read more

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

Four Eastern European Countries Expel Russian Diplomats

Russia's flag flutters in front of the embassy building in Tallinn, Estonia. Copyright RAIGO PAJULA / AFP, FILE   RFE: Bulgaria Expels 10 Russian Diplomats, Baltics Follow Suit With Another 10 Expulsions   Bulgaria is expelling 10 Russian diplomats saying they were carrying out activities deemed incompatible with their diplomatic status, a move followed up quickly by the Baltic nations of Estonia, Latvia, and Lithuania.  The Bulgarian Foreign Ministry said in a statement on March 18 that it had given the 10 diplomats 72 hours to leave. The statement did not give a more detailed reason for the expulsions, but since Russia launched its unprovoked invasion of Ukraine, the Russian ambassador in Sofia has repeatedly made contradictory statements about Bulgaria's position on the conflict. The ministry also did not say who was included on the list of people being expelled.   Read more ....  WNU Editor: With tensions being as high as they are right now, expect ...
Post a Comment
Read more