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☆ Thousands of Ukrainians have been sent to Russian prisons. Ukraine says they’re being held as bargaining chips
▼ + stars: | 2024-05-05 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +22 min

The Ukrainian government says there are thousands of people like Dima, civilians arrested by Russia who have been held in arbitrary detention for years. In the early weeks of the war, Russian troops took over their home, parking their tank in the garden and stealing anything of value. Following the full-scale invasion of Ukraine, Russia opened a second pre-trial detention facility in Simferopol, SIZO No. Detained civilians, however, are stuck in limbo. Mariana Checheliuk's photos were among those displayed by relatives of detained civilians at a recent protest in Kyiv.

Persons: Ukraine CNN — “, ”, Vasyl Khyliuk, Dmytro Khyliuk, Dima, –, Ivana Kottasova, Dmytro Lubinets, Lubinets, ” Achille Després, Cross, it’s, Vasyl, ” Vasyl, Halyna, “, Dmytro Khyliuk’s, Russia —, Khyliuk, Anastasiia, MIHR, Pantielieieva, CNN “ We’ve, ” Pantielieieva, Yulia Khrypun, Serhii, ’, Serhii Khrypun, Yulia, ” Yulia, Mariana Checheliuk, Mariana, Natalia Checheliuk, ” Natalia, ’ ” Natalia, Alexander Ermochenko, Mariana –, Mila, Natalia, Volodymyr, Zelensky, Mariana Checheliuk's Organizations: Ukraine CNN, Ukrainian Independent, Agency, Kyiv, CNN, Russian Federation, International Committee, Ukrainian, Organization for Security, Getty, Media Initiative, Human Rights, Penal, Russian Investigative Committee, Russian Prison Service, ICRC, Russian Ministry of Defense, Ukrainian Defense Intelligence, Russian Federal Security Service, Russian National Guard, Directorate, General Staff, Serhii, Crimean Human Rights, Maxar Technologies, Volunteers, Russia, United Nations Children’s Fund, UNICEF, Security Service of Ukraine, Ukraine’s, Ministry of Internal Affairs, Ministry of Foreign Affairs, National Information Bureau, Ministry, “, Headquarters Locations: Kyiv, Ukraine, Dima, Ukrainian, Kozarovychi, Russia, Geneva, Europe, Novozybkov, Russia’s Bryansk, Russia’s Vladimir, Mordovia, Russian, Moscow, Bryansk, Nove, Tokmak, Melitopol, Olenivka, Kursk, Crimea, Kamensk, Russia’s Rostov, Yulia Khrypun Russia, Chonhar, Kherson, Crimean, Crimean Tatars, Simferopol, SIZO, Irkutsk, Krasnoyarsk, Siberia, ‘, Mariupol, Zaporizhzhia, Bezimenne, Donetsk People’s Republic, Azovstal, Donetsk, Taganrog, Kamyshin, Russia’s Volgograd, Qatar

"Fear is present but it is conscious," said Duntsova, who this month announced she wanted to run for president in the March 2024 election. They say that Putin has restored order and some of the clout Russia lost during the chaos of the Soviet collapse. When asked what she thought of Putin, Duntsova laughed nervously. "When in Europe and the United States they say that Russia and the Russians are Putin - that is not right. She said hardliners in the West and in Russia would be happy to see Russia closing itself off from the world.

Persons: Evgenia, Duntsova, Soviet Union stoked, Vladimir Putin, Putin, chuckled, Indira Gandhi, Africa's Nelson Mandela, Alexandra Skochilenko, Andrei Pivovarov, Ilya Yashin, Vladimir Kara, Murza, Alexei Navalny, She, Guy Faulconbridge, Ed Osmond Organizations: Reuters, REUTERS, Rights, Kremlin, CIA, Justice Ministry, Prosecutors, Thomson Locations: Moscow, Russia, Ukraine, Soviet Union, Europe, Russian, RUSSIA, Putin's Russia, United States, Siberian, Krasnoyarsk, Rzhev, Tver

☆ Gold poised for second weekly gain as Fed pause hopes hurt dollar
▼ + stars: | 2023-11-24 | by ( ) www.cnbc.com time to read: +2 min

REUTERS/Alexander ManzyukGold held steady on Friday, set for its second consecutive weekly gain, supported by a weaker U.S. dollar as markets grew confident that the Federal Reserve was done with its interest rate hikes. The dollar index was on track for a second weekly drop, making gold less expensive for other currency holders. Markets have dialed back expectations of Fed rate cuts in 2024 after data showed number of Americans filing new claims for unemployment benefits fell more than expected last week. Earlier this week, the Fed minutes showed the central bank would proceed "carefully" and "all participants judged it appropriate to maintain" the current rate setting. Platinum eased 0.1% to $914.68, but was heading for its second weekly rise.

Persons: Alexander Manzyuk Gold, Tim Waterer, CME's, Waterer, Wang Tao Organizations: REUTERS, Federal, KCM Trade Locations: Siberian, Krasnoyarsk, Russia, U.S

☆ Two killed as hurricanes rage in Russia's Siberia
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 19 (Reuters) - Two people were killed when a tree crushed their car as hurricanes with winds reaching 38 metres per second hit several regions in Russia's Siberia on Sunday. Another two people were hospitalised by the falling tree in the Russian city of Novokuznetsk, TASS news agency quoted a regional official. A large sign fell on a woman near a shopping centre in Novokuznetsk, a video on social media showed. According to a local official, cited by RIA Novosti, the woman was hospitalised. According to Russian media, winds caused damage in Kemerovo, Krasnoyarsk, Novosibirsk and Omsk regions, Altai Krai, Republic of Altai, Republic of Khakasia.

Persons: Sergei Kuznetsov, Kuznetsov, Guy Faulconbridge Organizations: TASS, RIA Novosti, Republic of Altai , Republic of Khakasia, Reuters, Thomson Locations: MOSCOW, Siberia, Russian, Novokuznetsk, Kemerovo, Krasnoyarsk, Novosibirsk, Omsk, Altai Krai, Republic of Altai , Republic of

Down 45% so far this year, palladium is on course for its worst year of losses since 2008, when the financial crash hit demand. Top producer Russia's Nornickel expects the palladium market to swing to a surplus of 300,000 ounces in 2024 from a 200,000-ounce deficit in 2023 due to supplies, boosted by recycling, outpacing demand. Consultancy Metals Focus forecasts above-ground palladium stocks of about 11.64 million ounces in 2023, compared with 12.35 million in 2022 and 12.89 million in 2021 - meaning ample supplies. In March 2022, palladium was trading at more than double the price of platinum, prompting a switch by automakers. However, longer-term Metals Focus is quite bearish on palladium," said Nikos Kavalis, managing director at Metals Focus.

Persons: Alexander Manzyuk, hastening, Russia's Nornickel, John Meyer, Edward Meir, Nikos Kavalis, Brijesh Patel, Harshit Verma, Ashitha, Anjana Anil, Anushree Mukherjee, Abhijith, Arpan Varghese, Pratima Desai, Hugh Lawson Organizations: REUTERS, Russia, ICE, International Energy, Consultancy, Metals, Thomson Locations: Siberian, Krasnoyarsk, Russia, Ukraine, Bengaluru

☆ A Russian single mom who owed $8,560 says she was told to pay it off by joining the army
▼ + stars: | 2023-11-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A Russian mother-of-two told local media that officials suggested she join the military. Olga, a single mother, said she received a letter after she couldn't pay off a bank loan. AdvertisementAdvertisementA Russian single mother who had to pay off a $8,560 debt told local media that bailiffs suggested she join the military instead. The woman, identified only as Olga, told local news outlet NGS24.ru. "They are suggesting that I go to the military enlistment office and sign a contract to fight in the SVO (special military operation) to pay off the debt," Olga told NGS24.ru.

Persons: Olga, —, Meduza, NGS24 Organizations: Service, Krasnoyarsk Bailiff Service, Russian Armed Forces, Ministry of Defense Locations: Russian, Krasnoyarsk, Krasnoyarsk Krai, Ukraine, Russia

☆ Gold softens on caution ahead of Fed's policy decision
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: +2 min

Spot gold fell 0.2% to $1,978.36 per ounce by 0351 GMT on Wednesday, while U.S. gold futures dropped 0.4% to $1,987.00. Spot gold posted a 7.3% jump in October, with prices hitting an over five-month high of $2,009.29 last week. Markets now await the outcome of the Fed's monetary policy meeting concluding later in the day, followed by the U.S. monthly jobs report on Friday. "Although no change in the interest rates is expected, the focus will be on the Fed's assessment of the U.S. economy and clues to the monetary policy going forward," said Praveen Singh, associate vice president at BNP Paribas' Sharekhan. Spot silver dropped 1% to $22.662 per ounce, platinum slipped 0.6% to $927.77, while palladium rose 0.5% to $1,120.91.

Persons: Alexander Manzyuk Gold, Christopher Wong, Praveen Singh Organizations: REUTERS, U.S, BNP Locations: Siberian, Krasnoyarsk, Russia, U.S . Federal, Gaza, U.S, China

A worker stores aluminium ingots at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. China, meanwhile, is emerging as an increasingly important market for Rusal's finished products as Western appetite for Russian metal shrinks. China shipped over a million metric tons of alumina in 2022, of which 843,000 metric tons went to Russia. China's imports of primary aluminium vs Russian-brand metalCHINA IMPORTS MORE RUSSIAN METALWhile Chinese alumina has been flowing to Russia, increasing quantities of Russian aluminium have also been entering China. But the world's largest producer is now operating close to a government-mandated capacity cap of 45 million metric tons.

Persons: Ilya Naymushin, Rusal, China wouldn't, Tomasz Janowski Organizations: REUTERS, Rusal's, GAP, London Metal Exchange, Reuters, Thomson Locations: Krasnoyarsk, Russia, Hebei Wenfeng, Queensland, Australia, China, Ukraine, Russian, mushrooming, CHINA, Volgograd, Novokuznetsk, Siberia, Yunnan

The great destock has resulted in a significantly slimmed-down LME warehouse network. The number of exchange-registered warehouse units has fallen by 151 over the last two years. LME storage space at the latter has grown by 35,000 square metres to 249,000 since the end of September last year. LME warehouse operator Istim has been expanding its presence, listing 24 units over the last year. But it's decidedly good news for LME warehouse operators.

Persons: Goldman Sachs, It's, Kloosterboer, Istim, Jane Merriman Organizations: London, Halley Metals, Pac Global Services, Infinity Logistics, HK, Rotterdam, Reuters, Thomson Locations: Krasnoyarsk, Siberian, Detroit, COVID, Ukraine, Spain, Antwerp, Vlissingen, Rotterdam, KOREA, Singapore, Malaysia's Port Klang, Busan, Incheon, Gwangyang, LME, Port Klang, China, United States, Europe

☆ Robust equities erode gold's safe-haven allure as ETF holdings fall
▼ + stars: | 2023-08-21 | by ( Deep Kaushik Vakil | ) www.reuters.com time to read: +2 min

(Reuters) -Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded the appeal of exchange-traded funds (ETF) backed by traditional safe-haven gold this year, despite sticky inflation. The biggest ETF, SPDR Gold Trust, saw holdings dwindle to pre-pandemic levels. [GOL/ETF]Investors typically buy gold during times of financial and economic uncertainty and rising inflation. [GOL/]“Gold has fallen into disfavour as a hedge against economic uncertainty for many institutional investors,” said Ross Norman, chief executive of Metals Daily. Equities have outperformed gold despite higher interest rates, while rival safe-haven Treasury bonds have attracted investors away from gold, which doesn’t earn any interest or dividends.

Persons: Ilya Naymushin, ”, Ross Norman, Carsten Menke, Julius Baer, Gold, Philip Newman, Newman, hasn’t Organizations: Reuters, REUTERS, World Gold Council, Investors, U.S, Metals Daily, U.S . Federal, Treasury, Metals Locations: U.S, Siberian, Krasnoyarsk, Russia, disfavour, “

☆ Russia's so desperate to get its billionaires and their massive wealth back that it just threatened to seize the assets of an oligarch worth $13 billion
▼ + stars: | 2023-08-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russia filed a lawsuit against oligarch Andrey Melnichenko, who is worth $13 billion. The state is looking to seize Sibeco amid Putin's call for Russian tycoons to invest at home. Authorities have filed a lawsuit against Andrey Melnichenko, an oligarch now based in the United Arab Emirates, the Financial Times reported on Sunday. The ninth richest person in Russia, Melnichenko — who has been sanctioned by the European Union and the US — is worth $13 billion as of Monday, according to Bloomberg Billionaire's Index. In March 2022, Melnichenko — whose mother is Ukrainian — told Reuters in an interview that Russia's invasion of Ukraine was "truly tragic."

Persons: oligarch Andrey Melnichenko, Andrey Melnichenko, —, nationalize, Melnichenko, Putin, Melnichenko —, Ukrainian — Organizations: Service, Moscow, Authorities, United Arab Emirates, Financial Times, Melnichenko's, Kremlin, Reuters, European Union, Bloomberg Billionaire's Locations: Russia, Wall, Silicon, Ukraine, Siberian, Krasnoyarsk —, Russian, Ukrainian

☆ Gold stays near 1-month lows as U.S. dollar, yields hold ground
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukGold prices held near one-month lows on Friday, shrugging off cooler-than-expected U.S. inflation figures for last month, with bullion staying on course to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong. Spot gold edged 0.1% higher to $1,913.95 per ounce by 0347 GMT, but traded near its lowest level since July 7 touched earlier in the day. Interest rate increases weigh on gold because they tend to lift bond yields and in turn raise the opportunity cost of holding non-yielding bullion. Gold prices have slid about 1.4% so far in the week as the U.S. dollar index and benchmark 10-year Treasury bond yields were both on track for their fourth consecutive weekly gain.

Persons: Alexander Manzyuk, Matt Simpson, Mary Daly Organizations: REUTERS, U.S ., City, U.S, Palladium Locations: Siberian, Krasnoyarsk, Russia, U.S

☆ Gold listless as traders avoid big bets ahead of Fed decision
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: +2 min

Gold struggled for momentum on Wednesday as traders refrained from making big bets ahead of the U.S. Federal Reserve's policy decision later in the day. Spot gold held steady at $1,963.99 per ounce by 0546 GMT, while U.S. gold futures were up 0.1% to $1,965.20. Gold is highly sensitive to rising interest rates as they increase the opportunity cost of holding non-yielding bullion. Along with policy guidance from the European Central Bank, traders also await second-quarter U.S. GDP data due on Thursday. As per the International Monetary Fund, the bank should start preparing for future monetary tightening.

Persons: Gold, Jun Rong, Yeap Organizations: U.S, IG, Treasury, European Central Bank, PCE, Bank of Japan's, Monetary Fund Locations: Siberian, Krasnoyarsk, Russia, U.S . Federal, U.S, Asia, Japan

Wagner fighters took control of the southern port and logistical hub for Russia's war in Ukraine on Saturday morning. Facial recognition software linked him to an account on VKontakte, Russia’s Facebook equivalent, created in the name of Dmitry Chekov. Russian media reported last September that Prigozhin had visited prisones in Rostov region, recruiting more than 1,000 convicts for Wagner. The man was identified by facial recognition software as 33-year-old Sergei Shirshov, a native of the Volga River city of Saratov. A third Wagner fighter pictured in Rostov was identified by facial recognition software as Roman Yamalutdinov, a native of Krasnoyarsk in Siberia.

Persons: Wagner, Prigozhin Prigozhin, Vladimir Putin's, Yevgeny Prigozhin, Sergei Shoigu, Prigozhin, Putin, Alexander Lukashenko, Dmitry Chekov, Chekov's, Sergei Shirshov, Shirshov, Yamalutdinov, Olga Romanova, Felix Light, Filipp Lebedev, Guy Faulconbridge, Mike Collett, White, Angus MacSwan Organizations: Wagner Group, Don, Reuters, Belarusian, Facebook, TASS, Local, Penal, Thomson Locations: TBILISI, Russian, Rostov, Ukraine, Moscow, Bakhmut, Belarus, Volga, Saratov, Saratov region's, Krasnoyarsk, Siberia, Tbilisi

☆ Putin says Russia's new Sarmat nuclear missiles soon ready for deployment
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, June 21 (Reuters) - President Vladimir Putin said on Wednesday that Russia's new generation of Sarmat intercontinental ballistic missiles, which are capable of carrying 10 or more nuclear warheads, would soon be deployed for combat duty. In a speech to new graduates of military academies, Putin stressed the importance of Russia's "triad" of nuclear forces that can be launched from land, sea or air. "The most important task here is the development of the nuclear triad, which is a key guarantee of Russia's military security and global stability," he said. Putin has repeatedly said since the start of the Ukraine conflict that Russia is ready to use all means, including nuclear weapons, to defend its "territorial integrity". The new Sarmat missile is designed to carry out nuclear strikes on targets thousands of missiles away in the United States or Europe.

Persons: Vladimir Putin, Putin, Sergei Shoigu, Dmitry Rogozin, Rogozin, Mark Trevelyan, Gareth Jones Organizations: Strategic Missile Forces, Defence, George's, Russia, Ukrainian, Reuters, Thomson Locations: MOSCOW, Ukraine, Russia, United States, Europe, Krasnoyarsk, Siberia, Moscow, Soviet

☆ Gold rises as dollar weakens ahead of Fed decision
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged higher on Wednesday, helped by a softer dollar as slowing U.S. inflation cemented bets that the Federal Reserve would keep interest rates unchanged later in the day. Spot gold rose 0.3% to $1,948.49 per ounce by 05:00 GMT. Markets are pricing in a roughly 90% chance of the Fed keeping rates unchanged, according to CME's Fedwatch tool. While gold is seen as a hedge against inflation, higher rates to tame price pressures generally weigh on the non-yielding asset's appeal. Spot silver climbed 0.7% to $23.8439 per ounce, platinum rose 0.3% to $979.37, while palladium was flat at $1,361.01.

Persons: Clifford Bennett, " Bennett, Nicholas Frappell Organizations: Federal Reserve, U.S, ACY Securities, Fed, ABC Refinery Locations: Siberian, Krasnoyarsk, Russia, U.S

☆ Gold flirts with all-time highs as banking concerns deepen
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukGold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes. Spot gold was up 0.3% at $2,045.79 per ounce after climbing earlier to $2,072.19, shy of a record high of $2,072.49. The Fed Funds target rate stands in the 5%-5.25% range, with markets expecting rate cuts in the second half of the year. In physical markets, lofty prices have tarnished gold demand in top Asian retail hubs.

☆ Gold prices subdued as caution sets in ahead of cenbank meetings
▼ + stars: | 2023-04-24 | by ( ) www.cnbc.com time to read: +2 min

Gold headed for its second decline in three sessions as strength in the dollar and equities diminished demand for the metal as an alternative asset. Gold is highly sensitive to rising interest rates, which raise the opportunity cost of holding non-interest bearing bullion. "Some firming in U.S. Treasury yields following last Friday's flash PMI data are keeping the downward pressure on gold prices," said Yeap Jun Rong, a market analyst at IG. Gold prices dropped by more than 1% on Friday after the release of surveys that showed the U.S. and euro zone business activity gathered pace in April. Moreover, the European Central Bank is expected to hike rates by a quarter percentage point on May 4, with some likelihood for a half-point hike.

☆ Russia regional governor quits after son dodges extradition to US
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

His son, Artem Uss, was due to face charges in the U.S. for shipping oil from Venezuela in breach of sanctions, and for bank fraud. In a video released on April 9, after Artem Uss was back in Russia, Alexander Uss thanked those who had helped him return. Italy's justice minister has begun disciplinary action against three judges who granted Uss house arrest, two sources with direct knowledge of the matter said on Wednesday. Earlier this month Artem Uss told Russia's RIA news agency that the U.S. charges against him were politically motivated. The territory of Krasnoyarsk covers just under 2.4 million sq km (930,000 sq miles) in Siberia.

☆ Gold hovers near 2020 record highs on softer dollar, weak US data
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexander ManzyukApril 5 (Reuters) - Gold prices hovered near record highs seen in 2020, trading steady above the key $2,000 level on Wednesday, as the dollar eased after weak U.S. economic data fanned expectations that the Federal Reserve might loosen its monetary policy trajectory. FUNDAMENTALS* Spot gold held its ground at $2,020.39 per ounce, as of 0123 GMT. * Data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting the labor market was cooling. * While gold is traditionally considered a hedge against inflation and economic uncertainties, higher interest rates dim the appeal for non-yielding bullion. * Spot silver eased 0.1% to $24.99 per ounce, while platinum was 0.2% higher at $1,020.47 and palladium edged up 0.1% to $1,458.51.

☆ Gold set for best month since July 2020 on banking turbulence
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Friday, en route to their best monthly performance since July 2020, as the recent banking system crisis led to expectations of a less-aggressive U.S. Federal Reserve, making bullion an attractive bet. Bullion was also set for a second consecutive quarterly gain, up 8.6% so far. The dollar was on track for a second consecutive quarterly loss, making bullion cheaper for overseas buyers. Gold rose above the $2,000 mark after the sudden collapse of two U.S. regional lenders earlier this month, which led to bets that the Fed might pause hiking rates to avoid a wider fallout from the global banking system turmoil. Although gold is considered a hedge against economic uncertainties, higher rates tend to dull zero-yielding bullion's appeal.

☆ It's really hard for foreign companies to break up with Russia — and there are 3 main reasons why
▼ + stars: | 2023-03-30 | by ( ) www.businessinsider.com time to read: +7 min

One year after Russia invaded Ukraine, just 520 firms have fully exited Russia, per a Yale study. Quite simply, it's just not that straightforward for a company to get out of Russia right now — and there are three main reasons why. Companies have been trying to exit Russia in an orderly fashionMany companies were quick to announce their intent to leave the Russian market after it invaded Ukraine. Thus, companies that want to exit Russia are pressed to find buyers for their Russian operations who would continue running the business under a different brand. Multinational companies face operation challenges in their exitsBecause many foreign companies operating in Russia are multinationals, shutting operations in the country can have a domino effect on their businesses elsewhere.

☆ Russia is so cut off from the international financial system that the Kremlin thinks Western sanctions have 'insured' the country against the banking crisis
▼ + stars: | 2023-03-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Kremlin said Russia will not be impacted by the US bank crisis. Sanctions over the Ukraine war have cut Russia off from the international financial system. Russia is now so cut off from the global financial system that the Kremlin thinks it will face no impact from the collapse of Silicon Valley Bank. In contrast, Russia — like much of the world — faced a credit crunch due to the fallout from the US subprime mortgage crisis in 2008, which ultimately led to the Global Financial Crisis. As the country recovered from the recession, it started working towards its grand ambition of making Moscow a global financial hub.

☆ Gold bounces 1% as investors seek cover from US banking rout
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Spot gold was up 0.8% at $1,882.70 per ounce, as of 0416 GMT. Gold rallied 2% on Friday after California banking regulators closed tech startup-focused Silicon Valley Bank (SVB) SIVB.O. Meanwhile, investors also took stock of measures by U.S. officials to stem the financial fallout, and which have been cheered by stock markets on Monday. "When it becomes apparent that the risk is contained, gold will be less appealing as a safe-haven," City Index's Simpson said.

☆ Terrifying video of Russian plane losing cabin pressure mid-flight shows how dangerous it's gotten to fly in Russia
▼ + stars: | 2023-03-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A video of the incident shows panicked passengers with oxygen masks on their faces. An expert told Insider that Western jets are deteriorating due to a lack of servicing and parts. Musician Andrey Saltanov, who was also on the flight and verified the video to Insider, said: "The plane turned out to be ancient. The main federal investigating authority in Russia told RIA Novosti that the flight was forced to land "due to depressurization of the aircraft cabin," adding that an investigation is ongoing. One expert told Insider that flying in Russia could become increasingly dangerous.

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