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By Rhod Mackenzie

The authorities are considering how to respond to the European Union's plans to confiscate Russian assets. The Federation Council has proposed to the Ministry of Finance that a mechanism be developed to withdraw funds of foreigners blocked in the Russian Federation, according to...

By Rhod Mackenzie

It is undeniable that the financial situation in the United States is concerning. The primary indicator of this is the staggering national debt, which has surpassed $34 trillion for the first time in the country's history this year. As noted by prominent American economists: Acco...

By Rhod Mackenzie

Russia's oil and gas revenues have continued to grow since the beginning of the year. This extra cash has made it possible to resume replenishing the country's reserves. However, the situation has become quite ambiguous and the risks of a decline in the country's income have not...

By Rhod Mackenzie

In late 2023, Russia's gold reserves reached a new record high. This article looks at the recent changes in the structure of international currency assets, the decreasing share of the dollar and euro, the stability of this scheme, and the importance of gold for the Russian econom...

By Rhod Mackenzie

Russia's gold reserves have reached a new historical record level and this is despite the huge number of sanctions imposed the the US and its allies. The Bank of Russia is buying more precious metal, plus the rising price of gold is contributing to this achievement.
This strat...

In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8% of the assets being undisclosed. No new content has been added. In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8%...