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Russia Accepting Rubles and Gold for Oil and Gas
Manage episode 324364718 series 3085687
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Russia is demanding payment in Rubles for Oil and Gas with a number of Finance Ministers from NATO countries pushing back. With rumours swirling of Russia taking payment in gold or bitcoin for oil and gas, the Russian Central Bank is buying gold from banks at a rate of 5,000 Rubles per gram (AU$2170/oz) from 28 March to 30 June. Putin has argued that trust in the US Dollar has taken a major blow, and that many countries are now starting to convert their paper assets into real reserves of raw materials, land, food and gold.
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