This is according to Elvira Nabiullina, the governor of Russia’s central bank. “That’s why our monetary policy, as well as fiscal policy and whole macroeconomic policy, is quite conservative,” she told American broadcaster CNBC, noting that Russia has reserves big enough “to withstand all financial scenarios or geopolitical scenarios.” Russia …
Read More »Everyone is wrong about Israel-Palestine – here’s how the pursuit of huge gas reserves and money is fuelling the conflict
Few topics rile people up on both sides of the political aisle more than the Israel-Palestine question. It is without doubt one of the most – if not the most – explosively divisive issues on the planet. For example, when I have criticised Saudi Arabia’s criminal bombardment of Yemen, I …
Read More »China’s foreign exchange reserves soar to $3.2 TRILLION
The increase was due to the US dollar’s decline against other major currencies held in the reserves, along with rises in global asset prices, China’s central bank said in a statement on Friday. The Chinese yuan appreciated 1.2% against the dollar in April, while the greenback dropped 2.1% against a …
Read More »Russia’s gold & foreign currency reserves break through $590 BILLION
“International reserves stood at $590.5 billion as of April 30… as a result of foreign exchange purchases under the fiscal rule, as well as a positive revaluation,” the regulator said. Russia’s international reserves are highly liquid foreign assets comprising stocks of monetary gold, foreign currencies, and Special Drawing Rights (SDR) …
Read More »Russia slashes dollar & euro from reserves in favor of gold & yuan
Thus, the share of the euro in Russia’s forex reserves decreased over the past year by 1.6 percentage points to 29.2% as of January 1. The share of the greenback dropped 3.3 percentage points, to 21.2%. The British pound’s share was also slightly down – by 0.2 percentage points, to …
Read More »Russia’s foreign exchange reserves continue to rise despite sanctions & pandemic
The regulator said that the growth seen from April 16 to 23 was supported by positive revaluation as well as foreign currency purchases within the budget rule that requires extra revenues from energy exports to be used for boosting the national reserves. Russia’s foreign exchange reserves have been rising for …
Read More »UK ‘reserves right’ to return to Afghanistan if terrorism flourishes in ‘ungoverned spaces’ – minister
The UK “reserves the right” to send its troops back to Afghanistan, including as part of a “unilateral” action, should it see a “threat” coming from this country again, UK Under Secretary for the Armed Forces James Heappey told MPs on Tuesday. If some part of the Afghan territory turns …
Read More »US laments ‘unwanted escalation’ & reserves right to retaliate after Russia’s tit-for-tat response to sanctions
“Our recent actions were proportionate and appropriate to Russia’s harmful activities. Today’s announcement by the Russian government was escalatory and regrettable,” a State Department spokesman said in a statement on Friday evening. “It is not in our interest to get into an escalatory cycle, but we reserve the right to …
Read More »‘Just like pirates’: Syrian minister says US controls most crude reserves in northeast, loots oil to strangle country’s economy
“Americans and their allies are targeting the Syrian oil wealth and its tankers just like pirates,” Petroleum and Mineral Resources Minister Bassam Tomeh told state TV this week, adding that the move is designed to cripple Syria’s economy, which depends on oil revenues. While US officials maintain the military presence …
Read More »Cosmonauts to intensify search for leak on ISS amid concerns over DEPLETING oxygen reserves
“Practically, we don’t understand in what part of the intermediate chamber we currently have an extra leak,” a specialist from the Russian Mission Control Center in the town of Korolyov in the Moscow Region told the crew, according to a broadcast by NASA. “Regrettably, we won’t be able to do …
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