Russia's wealth fund abandons U.S. dollar, boosts goldThis takedown of SIC seems a little too obvious, don't you think?
"The ministry also described gold as "an asset capable of protecting the NWF's investments from inflationary risks."
https://www.kitco.com/news/2021-07-07/Russia-s-wealth-fund-abandons-U-S-dollar-boosts-gold-euro-and-yuan-country-s-Finance-Ministry.html