-
Russia turns to gold reserves as sanctions squeeze deepens
Russia has begun to sell off its strategic gold reserves to offset the growing budget deficit brought on by Western sanctions, falling oil prices and economic problems that are getting worse, according to Kyrylo Shevchenko, former Governor of the National Bank of Ukraine. “Russia is now selling its strategic gold reserves — something the Central Bank avoided for decades,” Shevchenko wrote on social media. He said the sales are being used to support the weakening ruble, fill liquidity gaps at state-owned enterprises, and cover widening budget shortfalls as alternative funding sources diminish. Russia’s ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From pmi.spglobal.com|Dec 2, 2025China’s service sector continued to expand in the penultimate month of the year, according to latest PMI® data. Growth in services activity was driven by a sustained increase in ...
From media.rabobank.com|Dec 2, 2025If you think 2025 has been a wild ride, so 2026 ‘will be calmer’ as things revert to mean, then you haven’t understood this year. The global rules-based order is breaking down. ...
From abs.gov.au|Dec 2, 2025|2 commentsThe Australian economy rose 0.4% in seasonally adjusted chain volume measures. • In nominal terms, GDP rose 1.7%. • The terms of trade rose 0.3%. • Household saving to income ...
-
- Newer Stories
From streetinsider.com|Dec 2, 2025Germany's government must do more to save industry from the country's economic "free fall", said the BDI sector association on Tuesday, as it slashed its production forecast for ...
From finance.yahoo.com|Dec 2, 2025Silver steadied near a record after rallying about 17% over the previous seven sessions as traders piled into bets for lower interest rates, while the market faced ongoing supply ...
From euronews.com|Dec 2, 2025|1 commentThe EU executive will present fresh guidelines on Wednesday meant to reinforce the bloc’s market protection in the face of rising foreign risks. The doctrine's launch comes after ...
- Story Stats
- Dec 2, 2025 7:49pm Posted byFundamental Analysis301
- Instruments:
