Russia

While the United States continues to ramp up sanctions against Russia, Moscow keeps building up its gold reserves, which have already quadrupled since 2008 and currently amount to nearly 2 thousand metric tons . . . .

Russia‘s U.S. dollar reserves have shrunk from $96.1 billion in March to just $14.9 billion in May, according to the Russian Central Bank . . . .

In June Russia added a further 500,000 ounces (15.6 tonnes) of gold into its forex reserves bringing them to a total of 62.5 million ounces (1,944 tonnes) so heading for a year-end total of over 2,000 tonnes . . . .

Russia has left the list of 33 largest holders of US government bonds, after the country disposed of at least a third of remaining bonds, a message from the US Treasury said . . . .

The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia,Kyrgyzstan is stockpiling gold. It wants to increase gold from 16 percent to 50 percent as part of its international reserve . . . .

President Trump has promised to institute trade tariffs on various imports, and some countries haven’t been happy about his actions . . . .

After Dumping Half of US Treasuries in April . . . .

The Russian central bank takes into account all risks, including geopolitical ones, while managing its gold and foreign exchange reserves . . . .

There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony . . . .

Putin Warns: "US Sanctions Hurt Trust in Dollar as Reserve Currency"