Is Russia Ditching the Dollar? Shift into Gold, Yuan and Euro

Russia’s National Welfare Fund (FNB) will no longer have U.S. dollars: within one-month, existing assets will be divided between the euro, the yuan and gold. In the U.S., they are already calling it a “political” decision.

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No More Dollars in Russia’s National Welfare Fund: Mainly Euro, Yuan and Gold

By Paul Antonopoulos

Global Research, June 07, 2021InfoBrics

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Russia’s National Welfare Fund (FNB) will no longer have U.S. dollars: within one-month, existing assets will be divided between the euro, the yuan and gold.In the U.S., they are already calling it a “political” decision.

All super profits from the sale of oil are put into the FNB, and it is part of Russia’s international reserves. According to data from the Central Bank on May 28, the FNB reached a historic high of $600.9 billion. The decision to exclude the U.S. Dollar from the FNB was announced by Finance Minister Anton Siluanov on…

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Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

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