Russia and Ukraine have been at war for more than two years. And despite predictions that thousands of economic sanctions would bring Russia to its knees, that hasn’t happened.

Why not? Gold.

Today in The Conversation Canada, Robert Huish of Dalhousie University explains how Putin’s move to tie the Russian ruble to gold has helped the country evade sanctions. But the price of gold fluctuates like everything else, he writes, “which is why Putin’s goal of turning the ruble into pure gold is not genius, it is desperate.”

Consumers have a role to play by refusing to buy gold from countries like Switzerland and the United Arab Emirates that buy up huge amounts of gold produced by Russia. That includes gold bars sold at Costco. But he also points out: “No single policy can thwart Putin’s goals — it requires disrupting the supply of gold beyond Russia, and that might well mean involving the U.A.E.”

Also today:

Lee-Anne Goodman

Politics Editor

Russian President Vladimir Putin delivers a speech before presenting the Russian Hero of Labour gold medals in June 2023. (Gavriil Grigorov, Sputnik, Kremlin Pool Photo via AP)

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

Robert Huish, Dalhousie University

Russia has tied its currency to gold to evade sanctions. Shifting the ruble away from a pegged value and into the gold standard itself is aimed at making it a credible gold substitute at a fixed rate.

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Mentorship is key to improving social and economic outcomes for Black youth

Bukola Salami, University of Calgary; Aloysius Nwabugo Maduforo, University of Calgary; Myra Kandemiri, University of Alberta

Mentorship programs serving Black youth are an important part of addressing anti-Black racism in Canada.

All sky view of the Milky Way taken by the European Space Agency’s Gaia space observatory. (ESA/Gaia/DPAC)

Floating crystals slow stellar aging — for some stars, this can delay death by billions of years

Simon Blouin, University of Victoria

Floating crystals can pause the stellar aging process, providing a final energy source to otherwise dead stars.

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Cheers to health? Uncovering myths around the health benefits of moderate drinking

James M. Clay, University of Victoria; Tim Stockwell, University of Victoria

It’s time to revisit the evidence for the health benefits of moderate drinking, and separate fact from wishful thinking. Can we confidently say, ‘Cheers to good health?’

British soldiers questioning suspected members of the Kenya Land and Freedom Army near Gilgil, Kenya, on Jan. 8, 1953. (AP Photo)

Operation Legacy: How Britain covered up its colonial crimes

Audra Diptée, Carleton University

Operation Legacy highlights the repercussions faced when people with power determine what information is available to interpret events of the past.

La Conversation Canada

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Gemini de Google intègre les dernières avancées technologiques, mais on est encore loin d’une IA surhumaine

Christian Gagné, Université Laval

Quelle est la signification du lancement récent de Gemini de Google et quelle est sa portée face à l’évolution rapide de la technologie de l’intelligence artificielle et à ses impacts anticipés.

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