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Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization
... precious metals exchange. The aim of such collaboration is to ensure "fair pricing" for gold and other metals, promote mutual trade growth, and protect these operations from sanction risks. The new St. Petersburg platform is potentially open to ... ... standardized lots and a liquid market could in the future facilitate the launch of derivative products (futures, exchange-traded funds) based on physical gold, expanding options for investors.
Financial Resilience:
An alternative precious metals market makes ...
Mir Cards to Start Operating in Iran from January 2025
... Companies and the Economy
For the Iranian economy, the introduction of Russian Mir cards will open access to a new influx of funds, especially given the restrictions imposed on traditional international payment systems. This will help sustain economic ... ... significant efforts from Russian and Iranian banks to create the necessary infrastructure. Secondly, both countries must ensure mutual recognition of financial standards and guarantee transaction security. However, these challenges are likely to be overcome ...
Tether (USDT) Cryptocurrency Price Prediction and Analysis for May 2025
... requests the issuance of stablecoins, a new batch of USDT is issued, backed by the replenishment of reserves. Conversely, when cashing out is necessary, Tether destroys the returned tokens and issues fiat, reducing supply. This mechanism, akin to that of a mutual fund with share issuance/redemption, maintains the peg to $1. In 2024–2025, the volumes of USDT issuance significantly exceeded redemption volumes, reflecting an influx of new capital. Key periods of supply growth typically coincide with bullish market ...
Corruption: a systemic threat to society and ways to overcome it
... Embezzlement of public funds
The use of public resources for private purposes. This may include the misappropriation of budget funds, the use of public property for personal purposes, or the manipulation of public contracts.
3. Nepotism
Giving preferential ... ... corruption.
Joint investigations of cross-border corruption schemes: pooling resources and experience of different countries.
Mutual legal assistance in criminal cases: assistance in the investigation and prosecution of corruption crimes.
4. Гражданское ...
Russia has found a way to maintain gas supplies to Europe bypassing sanctions.
... but from December 20, during the peak of the heating season,” said Igor Yushkov, an expert from the National Energy Security Fund and Financial University under the Government of Russia.
Another note: December 20 is the due date for Hungary's next ... ... without the currency entering Russia,” Yushkov explains.
In a sense, this becomes a form of “currency barter” or a mutual settlement. Why would a Russian company engage in this? It could even be advantageous. Russian importers typically exchange ...