Since the freezing of the Russian central bank’s assets by the Americans and the rise of inflation, many are wondering about the future of the US dollar as a reserve currency. In this article we will take a step back and outline, on the basis of Ray Dalio’s latest book,...
Oil & Gas. According to the New York Times, the European Union is preparing a phased ban on imports of Russian oil products. The measures should not be introduced until after the second round of French elections, to be held on April 24, to avoid the impact on pump prices harming...
American sanctions on Russia’s currency reserves could gradually prompt many countries to bypass the US currency. On February 28, the United States and its European allies froze the assets of the Russian Central Bank following the Russian military intervention in Ukraine. Half of...
Foreign debt. Russia is getting closer to a potential default on its foreign currency debt. The Ministry of Finance recently stated that it was forced to make payments in rubles to holders of dollar-denominated bonds. For the first time, the attempt to settle the US$649.2 million...
Central Bank. On February 28, the United States and its European allies froze the assets of the Russian Central Bank following the Russian military intervention in Ukraine. Half of the Central Bank’s assets held in the form of foreign exchange reserves and gold (US$300 billion)...
Ukraine Crisis. Russia has recognized the independence of the Lugansk and Donetsk People’s Republics (DPR and LPR) and concluded with them agreements on friendship, cooperation and assistance. While the Western media warned that Russia’s invasion of Ukraine “could happen at...
On September 2014, political scientist John Mearsheimer published an article in Foreign Affairs entitled: “Why the Ukraine Crisis Is the West’s Fault”. As tensions between Russians and NATO once again hit the headlines, it is striking in retrospect how accurate John Mearsheimer’s...
