Former Russian Labor Minister Sergei Kalashnikov said that Russia’s record gold reserves do not provide any special advantage to the economy and do not make the country attractive for investment. NSN.
According to him, these savings are only a safety net that can be used to pay off debts, otherwise they have no meaning in terms of development. Kalashnikov noted that the increase in gold and foreign exchange reserves points to Russia’s financial stability, but the gold liquidity problem has not disappeared.
Before that, it was known that gold reserves in Russia reached a record level of 2.36 thousand tons in September this year, which allowed the country to be among the top 10 countries in the world in this indicator. In the rankings, the USA ranks first in world gold reserves with 8.1 thousand tons. Then Germany, Italy, France and Russia close the top five. The top 10 also includes China, Switzerland, Japan, India and Turkey.
Before that in Russia started Banning the export of gold by individuals is being discussed.
Previously in UAE augmented Gold imports from Russia after Western restrictions.