Russia ditching ‘unreliable’ dollar in trade – Lavrov

The US no longer ensures its national currency’s role on the global market, the Russian Foreign Minister has insisted Moscow will continue expanding trade relations with ‘friendly’ countries and boost the use of national currencies, cutting the US dollar’s share, Russian Foreign Minister Sergey Lavrov stated on Friday. According to the top diplomat, Moscow has…

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Major Russian bank winds down Swiss business – top official

Operations will be referred to external banking partners, Gazprombank chairman says Gazprombank will cease operations in Switzerland after “a strategic review of various options,” Chairman of the Board of Directors, Ivan Dun, said in a statement on Monday.

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Central banks on record gold-buying binge – industry group

Purchases were the highest on record in January-September, the World Gold Council has said Central banks bought 800 tons of gold from January to September this year, the highest on record for the nine-month period, according to the World Gold Council.

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