RUSSIA (6-18-19)

Power of Russian Currency Expanded:

This draft law is intended to create a legal framework for expanding the use of the Russian Federation currency in foreign trade settlements, formalising the status of the Russian rouble as a regional currency and an instrument of international settlements in the light of current trends on the global markets and liberalising the patterns of resident accounts with banks outside Russia, as well as for gradually cancelling the obligatory repatriation of export revenue from foreign trade transactions between residents and non-residents denominated in Russian roubles.


"Whilst that for which all virtue now is sold,
And almost every vice,—almighty gold."

—Ben Jonson
Epistle to Elizabeth, Countess of Rutland.

"Mammon, the least erected spirit that fell
From heaven; for ev’n in heaven his looks and thoughts
Were always downward bent, admiring more
The riches of heaven’s pavement, trodden gold,
Than aught divine or holy else enjoy’d."

Paradise Lost,
Book i. Line 679.

"High on a throne of royal state, which far
Outshone the wealth of Ormus and of Ind,
Or where the gorgeous East with richest hand
Showers on her kings barbaric pearl and gold,
Satan exalted sat, by merit rais’d
To that bad eminence.

Paradise Lost.
Book ii. Line 1.

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