Russia· MoscowRussia's Economic and Trade Relations with Africa and Gold Export Shifts
Discussions cover Russia's trade targets with Africa, its domestic payment system, and shifts in gold export destinations.
Background
Russia seeks to expand its economic influence and trade partnerships globally, particularly with African nations, amidst ongoing international sanctions and geopolitical realignments. This involves exploring alternative financial systems and adjusting export strategies for key commodities like gold.
Quorum · collective opinions
Russia's Economic and Trade Relations
First report 5h agoLast update 41m agoPosts discuss Russia's trade targets with Africa, noting a discrepancy between pledged amounts and actual trade volume.
The 'Mir' payment system is highlighted as Russia's successful response to Western sanctions, ensuring domestic cashless payments.
Russia's gold exports have shifted from London to Hong Kong and the UAE since 2022 sanctions, with much ending up in China.
Russia's Shifting Gold Exports and International Trade Relations
First report 5h agoLast update 5h agoDue to sanctions, Russia's gold exports have shifted from London to Asian and Middle Eastern hubs.
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