Date: 11 months ago   Category: Economy

The Bank of Russia has increased purchases of gold to a maximum since the beginning of year - RIA Novosti, 8/22/2018

MOSCOW, 22 Aug — RIA Novosti. The Central Bank has increased purchases of gold to a maximum since the beginning of year, Bloomberg with reference to data of the International Monetary Fund reports. © AP Photo/Evan Vucci "The White House Has Gone Mad": why Trump was accused of an economic nevezhestvekak notes the edition, in July Russia has bought a little more than 26 tons of gold. Thus, the total amount of stocks was 2 170 tons, and its cost is estimated at 77,4 billion dollars. The Central Bank carried out more large-scale purchase of gold only in November of last year. "It is very wise course from Putin. Russia is in a condition of financial war now. They get rid of the American dollars and buy gold. It protects them from sanctions and freezing of dollar assets" — the statement of Jim Richards provides the edition, editors of the Gold edition Strategic Intelligence© AP Photo/Mike Groll grows in the price on reduction in cost of dollar after Trampapomimo's statements of it, the partner of the British company SP Angel John Meyer has highly appreciated actions of the Central Bank. According to him, the USA even more often uses dollar as weapon therefore investments in gold — the most suitable option for those who don't want to risk, investing in dollar. Earlier Russian president has hoped that in Washington will understand hopelessness of imposition of sanctions against Moscow and will return to cooperation in the normal mode. The USA has entered against Russia a large number of restrictive measures on various pretexts. The part of sanctions is inflicted according to the order of the American president and can be removed by him, however others are entered according to the law of the congress "About Counteraction to Opponents of America through Sanctions" and can't be cancelled without the consent of the congress. Moscow repeatedly stated that to speak with it language of sanctions counterproductive. The MFA emphasized that Russia considers unilateral sanctions waves of the USA illegitimate and useless. © Infographics Imposition of sanctions against Russia and reciprocal steps



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