US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head

The threat of more sanctions hanging over Moscow is a “persistent risk” for Russia, but the country has increased its cash reserves and changed its banking policy to keep any potential dangers from economic measures under control. … Read More >US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head

Use of tough sanctions against Russia amounts to ‘war,’ but neither Washington nor Brussels prepared for battle, says Rostec CEO

The current sanctions targeting Russia could be classified as a war against Moscow. However, neither the US nor the EU is ready for a conflict. That’s according to the CEO of Rostec, the country’s main technology conglomerate. … Read More >Use of tough sanctions against Russia amounts to ‘war,’ but neither Washington nor Brussels prepared for battle, says Rostec CEO

Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday. … Read More >Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Russia may be cut off from SWIFT banking payment system as part of West’s ‘spiral of sanctions,’ warns country’s foreign ministry

Russian banks may be blocked from using SWIFT, a payment system that enables reliable and secure financial transactions, as part of restrictions against Moscow, in what one official has called a potential “spiral of sanctions.” … Read More >Russia may be cut off from SWIFT banking payment system as part of West’s ‘spiral of sanctions,’ warns country’s foreign ministry