Russian Finance Minister Anton Siluanov said that the dollar becomes more and more “political currency”, therefore the fund of the national state (FNB) – “Kubashka” – brought Russian shares from dollar assets, report “Izvestia”.
Siluanov explained that the relationship between Russia and the United States is not easy: the authorities believe that sanction threats are continuously increasing, and the situation does not come to normalization. That is why the Minister of Finance believes that the dollar becomes political currency.
“in relation to Russian entrepreneurs and countries generally impose restrictions that lead to the fact that calculations in dollars are complicated. Recently imposed sanctions against the primary placement of the Russian public debt. But we do not know what decisions are planned to be on the US administration.”, – Stressed the head of the Russian Ministry of Finance.
The Minister explained that the investments of the FNB were transferred to other assets to ensure the safety of Russian reserves. According to him, 35 percent of the foundation were invested in US bonds and other American securities. Siluans added that now the FNB will give preference to more sustainable and stable tools.
Earlier, the silhouans announced a radical change in the structure of the FNB, the main Russian “Cube”. It was reported that in the updated version of the FNB there will be no American dollars, the proportion of the euro will increase (from 35 percent to 40) and yuan (from 15 percent to 30). The share of the British pound of sterling (from 10 percent to 5) will be reduced twice (from 10 percent to 5), and gold will appear in the amount of 20 percent. Japanese yen will continue at 5 percent.