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Russia to sell lots more oil for gold
By Tim Zyla
Jerusalem Post
Wednesday, September 4, 2024
The Russian Finance Ministry announced it will exponentially increase its gold purchases beginning Friday.
According to Russian news agency Interfax --
https://interfax.com/newsroom/top-stories/105637/
-- the government will increase its gold purchases from 1.12 billion rubles per day to 8.2 billion rubles per day for the next month.
... Dispatch continues below ...
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The report states the finance ministry expects a significant oil and gas revenue of 162 billion rubles in September, a huge jump compared to the 10.9 billion rubles generated in August.
With that money, Russia plans to purchase more gold. ...
... For the remainder of the report:
https://www.jpost.com/business-and-innovation/precious-metals/article-818775
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