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Russia-Ukraine War - News and Developments

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If Ukraine starts to gain territory in the East, then what will be the new narrative? That Russia never wanted to invade Ukraine in the first place?! :laugh:
Then, back to plan-1. Ukrainians and Russians are brothers. Then Peskov makes the following statement; Russia has never invaded any country in its history, never started a war. (He said exactly that in February.)
 
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Gold-backed ruble could be a gamechanger for Russia and the West​

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Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst tells RT

The Bank of Russia has resumed gold purchases this week, but more importantly, the regulator is doing so at a fixed price of 5,000 rubles ($59) per 1 gram between March 28 and June 30, raising the possibility of Russia returning to the gold standard for the first time in over a century.

If the country takes the next step, as has been proposed this week, to sell its commodities priced in rubles, these combined moves could have huge implications for the ruble, the US dollar, and the global economy.

To get some answers, RT spoke to precious metals analyst Ronan Manly at BullionStar Singapore.

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https://www.arabnews24.ca/en/Business_news/196064.html

https://www.irishsun.com/news/272444963/gold-backed-ruble-could-be-a-gamechanger-interview

Russia officially pegs the ruble to gold​


Russia owns 2,300 tons of gold and can cover all the rubles printed in gold..
 
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At this point the war is lost. If Putin has a brain, he'll let go of his pride, he'll negotiate for some sort of way to save face and withdraw his forces. I'm at the point that I fully expect Ukraine to take all of the east and if they have the momentum, start taking Crimea, though Crimea is still a long shot.

Once again, Russia has lost, and has been relegated to a lesser power status. No doubt Turkey and China are gonna start ousting Russian influence in their respective neighborhoods.

Gold-backed ruble could be a gamechanger for Russia and the West​

View attachment 830245

Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst tells RT

The Bank of Russia has resumed gold purchases this week, but more importantly, the regulator is doing so at a fixed price of 5,000 rubles ($59) per 1 gram between March 28 and June 30, raising the possibility of Russia returning to the gold standard for the first time in over a century.

If the country takes the next step, as has been proposed this week, to sell its commodities priced in rubles, these combined moves could have huge implications for the ruble, the US dollar, and the global economy.

To get some answers, RT spoke to precious metals analyst Ronan Manly at BullionStar Singapore.

...

https://www.arabnews24.ca/en/Business_news/196064.html

https://www.irishsun.com/news/272444963/gold-backed-ruble-could-be-a-gamechanger-interview

If this was good for their economy, they would have done it a long time ago, even before the war in Ukraine.

This isn't gonna make much of a difference. The Ruble is only temporarily being held up, and once a few months pass, the Ruble will likely crash so long as sanctions remain in place, which they will.
 
. .

Gold-backed ruble could be a gamechanger for Russia and the West​

View attachment 830245

Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst tells RT

The Bank of Russia has resumed gold purchases this week, but more importantly, the regulator is doing so at a fixed price of 5,000 rubles ($59) per 1 gram between March 28 and June 30, raising the possibility of Russia returning to the gold standard for the first time in over a century.

If the country takes the next step, as has been proposed this week, to sell its commodities priced in rubles, these combined moves could have huge implications for the ruble, the US dollar, and the global economy.

To get some answers, RT spoke to precious metals analyst Ronan Manly at BullionStar Singapore.

...

https://www.arabnews24.ca/en/Business_news/196064.html

https://www.irishsun.com/news/272444963/gold-backed-ruble-could-be-a-gamechanger-interview

The exclusion of Russia from the global FIAT system gives a new impetus to digitization in money markets. Pay particular attention to the Bitcoin conference next week. Keep a close eye on the ETH2.0 process as well.
 
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If Ukraine starts to gain territory in the East, then what will be the new narrative? That Russia never wanted to invade Ukraine in the first place?! :laugh:
They'll say that they just wanted a risk card (reference to the board game).
 
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The exclusion of Russia from the global FIAT system gives a new impetus to digitization in money markets. Pay particular attention to the Bitcoin conference next week. Keep a close eye on the ETH2.0 process as well.
A parallel action... with the decision to sell all Russia's exports to Western countries in the ruble currency... in another way.... It somewhat raised the embarrassment of these countries that Russia is targeting with such decisions and measures..

For example... the one who went out and stated that he would not pay gas in rubles... now has the option to pay... in gold!

Gas - - >gold--> rubles

An intermediate operation... that saves everyone's face... and Russia is of course a winner on all levels.. Internal economy and foreign trade.

Let's see how it develops.. not everyone is eager for the digitization in money markets..
 
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