Former Finance Minister, Head of the Accounts Chamber Alexey Kudrin said that there are alternative assets in the world that could replace the dollar and which are comparable to it in stability and reliability. He said on Thursday, June 3, in an interview with Business FM.
In this way, he commented on the decision of the authorities to abandon the US dollar, radically changing the structure of the National Welfare Fund (FNB), the main Russian “Cube”.
According to him, on a par with the American currency, there is now euro, pound sterling, yuan, yen, swiss franc, Australian dollar and also the Canadian dollar. Kudrin also noted that they are similar in terms of stability with the American asset.
he added that the wave of sanctions and the political situation in the world advised the government to go on a similar step with the FNB, “so that Russia continues to freely operate with its savings”, concluded the head of the Chamber.
Earlier, the speaker of the State Duma Vyacheslav Volodin rated plans to bring the American dollar from the structure of the FNB. He found that this decision must be supported. In addition, he called the departure from the “dollar dependence” step, which will ensure the financial and economic sovereignty of the country.