Date: 6 months ago   Category: Finance

Has told Bloomberg about gold buying up by Russia because of the forthcoming sanctions — Rambler News Service


Photo: Pavel Lisitsyn / RIA Novosti the Bank of Russia has got in July of the current year 26,1 tons of gold after sale of the most part of debt papers of the USA. According to analysts of Bloomberg, preparation for introduction of new American sanctions against Russia became the reason. The edition refers to data of the International Monetary Fund according to which last month the gold reserve of the Russian Federation has reached 2170 tons. As of August 1, the gold reserves of Russia were estimated at $77,4 billion. In April and May of the current year Russia has got rid approximately of four fifth all state bonds of the USA which are on balance of the country. Bloomberg writes that it speaks about preparation of the Central Bank for new anti-Russian sanctions. The edition cites words of the first deputy head of the Bank of Russia Dmitry Tulin who called gold "an absolute guarantee from legal and political risks". One of partners of the SP Angel company in London John Maier has said that similar actions can secure Russia. "Americans use dollar as weapon, and Russia does absolutely right thing, diversifying the foreign currency reserves. Gold is most liquid investment if you don't want to be the hostage of dollar" — he has said.

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