Deputy of the President of the Russian Federation Oreshkin questioned the expediency of keeping reserves in yuan

Russian Vice President Maxim Oreshkin said he doubts the possibility of the yuan becoming the base currency for Russian reserves. interfax.

“My view is clear: the dollar and euro should be exchanged for rubles, not other currencies,” he said.

September 8, Head of the Ministry of Finance Anton Siluanov declarationHe said it would be more profitable for Russia to hold reserves in gold and yuan.

According to Oreshkin, the Ministry of Finance offers to invest in the yuan and talks about the need for a balanced budget, “investors will not believe us.” However, China is a country with a budget deficit of 5% of GDP this year.

“In this sense Anton Germanovich [Силуанов] as an investor – why invest in a country with a large budget deficit? ‘ asked Oreskin.

He noted that above all you should believe in yourself and “not look for some kind of uncle in the West or East.”