Russia needs ‘golden ruble’ – report ...News

Economy by : (Russia Today) -
A cryptocurrency backed by gold would be immune to sanctions, according to VEB.RF analysts Russia needs a new mechanism for international settlements to be able to operate under Western sanctions, a report by the country’s development corporation VEB.RF says. According to the report, the introduction of financial sanctions against Russia, which, despite state measures, results in economic losses for the country, also indicates that a transition to a completely different national financial and monetary system is in order. VEB.RF analysts suggest that Russia should create a gold-backed stablecoin under the working t

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