Speaker of the State Duma of Russia Vyacheslav Volodin rated plans to bring the American dollar from the structure of the National Welfare Fund (FNB), the main Russian “Cubia”. He shared his thoughts on this expense in his Telegram-Channel.
In his opinion, this solution should be supported. “In conditions where economic sanctions are introduced in the package of political conjuncture, the dollar can be used as a tool for blackmail and pressure,” he indicated, reminding that such a repeated thing happened in the past. At the same time, as an example, he remembered Iran.
Volodin also called the departure from the “dollar dependence” step, which will ensure the financial and economic sovereignty of the country.
Earlier, the Minister of Finance of Russia Anton Siluanov declared a radical change in the structure of the National Welfare Fund (FNB). He clarified that there would be no American dollars in the updated structure of the FNB, although they were 35 percent of the Fund. At the same time, the share 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.