Russland beginnt mit Goldhandel, um US-Sanktionen zu umgehen

SS: The global political landscape has witnessed increasing scrutiny over how countries circumvent international sanctions. Amid these developments, Russia’s use of gold transactions as a strategic tool has drawn attention. Russia is leveraging gold trade to sidestep economic sanctions imposed by Western nations. Understanding these dynamics is crucial for comprehending the complexities of modern geopolitical power plays.

One positive aspect of this war is that this time a major power has been sanctioned, China is also under threat and many in the Global South can see the writing on the wall, that they too may suffer a similar fate under certain conditions. This threat created a real demand for a mainstream parallel, alternative, sanction proof payment mechanism.

Essentially it boils down to the US being able to wage wars, sometimes in “error” such as in Vietnam or in Iraq without suffering any repercussions, but other countries with geopolitical ambitions like Russia, China, India or Turkey lack full financial sovereignty and have to toe the line. Prior to this conflict, this was a theoretical risk, but now it has become a reality, with a UN P5 member being cut off from the financial system on a unilateral basis, worse still, the threat of secondary sanctions means that even trading in national currencies is not always safe.