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Articles on Ukraine invasion 2022

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Russian President Vladimir Putin delivers a speech before presenting the Russian Hero of Labour gold medals in June 2023. (Gavriil Grigorov, Sputnik, Kremlin Pool Photo via AP)

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

Russia has tied its currency to gold to evade sanctions. Shifting the ruble away from a pegged value and into the gold standard itself is aimed at making it a credible gold substitute at a fixed rate.

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