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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
Russia, stabilizing speculator?
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It seems the Russian central bank has been buying yen when no one else wanted too …
Interesting. At one time, Russia was a source of global financial instability. Now, well, it is a big part of the global market. Nothing like almost $270b in the bank.
Incidentally, the valuation gains Russia’s central bank reported on its reserves in q2 imply that it was holding a bit more than 45% of its reserves in dollars. At least at the beginning of q2. But it could have shifted away from the dollar during the course of q2. Who really knows.
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