We start today’s double podcast discussing gold market developments in China and Russia and why Moscow is clearly looking to be a major gold player in the future. We then assess how Russia is evading sanctions and how there were several admissions which have previously been deemed not for public consumption. We also highlight why Belarus is moving towards becoming part of the Russian Federation. We then move onto why Western Central banks and TBTFs are seeking to reduce their exposure to the USD for reasons which on face value are not clear.