Russian financial system increasingly backed by commodity collateral as default looms
Russia will increasingly use barter and specific currency transactions for energy supplies, an S&P Global Commodity Insights analyst said May 24, as a default looms for billions of dollars in foreign currency reserves if the US allows a key waiver to expire May 25. “Ultimately, Russia is likely to see its financial system backed by ...
George Voloshin Vladimir Putin Alan Struth Maria Shagina Us Treasury Department Finnish Institute Of International Affairs
Source: hellenicshippingnews.com