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Expert briefing
Publication date: 27 February 2018

Russia's strategy of building up gold reserves.

Expert briefing
Publication date: 5 June 2015

Concern about the need to preserve one of the SWFs to support the pension system is probably a major reason behind the rejection. The Ministry of Economic Development had already…

Expert briefing
Publication date: 29 July 2015

This drop reflected concerns over China's slowdown, fears that Greece would be forced to leave the euro-area, and the agreement of a deal between Iran and the P5+1 powers (five…

Expert briefing
Publication date: 18 July 2023

A move away from the US dollar is gaining momentum, driven by the West’s use of economic sanctions, high levels of sovereign debt and a desire to de-link monetary policy from the…

Expert briefing
Publication date: 16 May 2018

Emerging market asset gyrations.

Expert briefing
Publication date: 16 June 2023

BRICS members seek to reduce the dominance of the US dollar in global trade; a less dollar-focused approach to development finance from the NDB is consistent with this. The BRICS…

Expert briefing
Publication date: 23 March 2022

Russia's exclusion from international financial markets presents high risks to macroeconomic stability in the short and longer term. Sovereign rating downgrades to 'junk' indicate…

Expert briefing
Publication date: 8 March 2022

EU leaders accept that the measures will undercut EU growth and increase the risks of recession. They have less appetite than Washington for further sanctions, reflecting their…

Expert briefing
Publication date: 3 May 2023

Banking-sector stability is vital for the functioning of the Russian economy: bank credit is facilitating economic restructuring. Although the sector withstood the first impact of…

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