Elvira Nabiullina

Submitted by InfoBrics, authored by Johanna Ross, journalist based in Edinburgh, Scotland…

In a further sign the US is losing the dominance of the world’s economic system which it has enjoyed since the end of World War 2, Russia is massively divesting from US securities.
In April, Russia dumped $47 billion in US bonds – roughly half of the US debt it holds.
US President Trump’s escalating tariff war, plus ever-expanding US sanctions on Russia, could also be contributing factors to Moscow’s decision to increasingly ditch dollars.
In exchange, Russia is turning to an ancient and time-tested store of value: gold.

This article first appeared on RussiaFeed
President Putin of Russia met on Friday with Russian Prime Minister Dmitry Medvedev, who confirmed to Putin the line up of Russia’s new government.
Russia’s new government – most ministers keep their jobs
Here is the Kremlin’s account of their discussion, which provides a full list of the ministers.

Russia’s President Vladimir Putin, it is said keeps surprising Western pundits – not with any unexpectedly rash surprise announcements, but with his consistent political and diplomatic positions. His is not a cleverly sneaky “disinformation” campaign aimed at undermining democratic “values”. Quite the opposite, he has been consistent, which in the geopolitical dimensions of our time is an exceedingly rare quality.

(MPN) In 2011, a Swiss study confirmed what many already knew or suspected: bankers run the world. The study, completed by the Swiss Federal Institute of Technology in Zurich, found that “a large portion of control flows to a small tightly-knit core of financial institutions,” essentially forming a network of global corporate control.

A few weeks after the Russian Central Bank indicated that it was unlikely to cut its key rate before mid year, a cluster of good economic news have caused it to shave its key rate down today from 10% to 9.75%.
To be clear, this is a token cut that will not by itself make any difference to the state of economy.  Its importance is that it clearly signals that more cuts are on the way.  That may in itself act as a spur to growth, consolidating the recovery.

Britain’s The Banker magazine has named Russian Central Bank Chair Elvira Nabiullina Europe’s Central Banker of 2016.
The award is being linked to the Russian Central Bank’s success in bringing inflation in Russia down from 12.7% in 2015 to a post-Soviet low of below 6% in 2016 (the actual final figure will probably be 5.5% or 5.6%).