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)
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.
|
Strong evidence indicates mentorship has positive effects on social, emotional and academic development of youth.
(Pexels/Christina Morillo)
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)
Simon Blouin, University of Victoria
Floating crystals can pause the stellar aging process, providing a final energy source to otherwise dead stars.
|
Many studies exaggerated the benefits of moderate drinking due to methodological flaws known as selection biases.
(Shutterstock)
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)
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
|
La nouvelle suite de produits d'intelligence artificielle de Google présente l'IA formée sur différentes modalités.
(Shutterstock)
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.
|
Arts
|
-
Ediz Ozelkan, University of Colorado Boulder
For some musical artists, TikTok has become a beacon in an otherwise dismal digital streaming landscape.
|
|
Business + Economy
|
-
Sean Campbell, The Conversation; Charlene Harrington, University of California, San Francisco
Owners of midsize nursing home chains harm the elderly and drain huge sums of money from facilities using opaque accounting practices while government doesn’t do enough to stop it.
|
|
Environment + Energy
|
-
Thomas Keating, Linköping University; Anna Storm, Linköping University
Spent nuclear fuel remains dangerous for so long that languages can disappear and humanity’s very existence cannot be guaranteed. So how do we communicate information about repositories into the future?
|
|
|
|
|
|
|
|
|
|
|
|
|
|