95
submitted 3 months ago* (last edited 3 months ago) by MrMakabar@slrpnk.net to c/ukraine@sopuli.xyz

To be clear it is not hold in $, but in RMB, gold and rubel. Before the war in held $174billion, so a massive decrease.

you are viewing a single comment's thread
view the rest of the comments
[-] NateNate60@lemmy.world 2 points 3 months ago

Gold is nothing if not something that can be easily and efficiently smuggled. The gold can be simply re-cast into generic gold bars or minted into back-dated Russian bullion coins. Just one passenger car can smuggle millions of dollars of gold across the border while attracting little scrutiny. From then, it can simply be easily sold to bullion dealers. Then the cash can be ferried back across the border or deposited in accounts at Kremlin-friendly banks.

If you have a network of agents doing this, you could probably offload thousands of ounces worth millions of dollars a month.

There's also the simple option of sending it all to a shady Chinese commodities exchange.

this post was submitted on 05 Sep 2024
95 points (99.0% liked)

Ukraine

8368 readers
751 users here now

News and discussion related to Ukraine

*Sympathy for enemy combatants is prohibited.

*No content depicting extreme violence or gore.

*Posts containing combat footage should include [Combat] in title

*Combat videos containing any footage of a visible human must be flagged NSFW

Server Rules

  1. Remember the human! (no harassment, threats, etc.)
  2. No racism or other discrimination
  3. No Nazis, QAnon or similar
  4. No porn
  5. No ads or spam (includes charities)
  6. No content against Finnish law

Donate to support Ukraine's Defense

Donate to support Humanitarian Aid


founded 2 years ago
MODERATORS