Moscow adheres to the plan to gradually get rid of the dictates of the dollar in the economy, which is why it actively buys gold and sells US government bonds, writes Die Welt.
The publication emphasizes that the Russian government does not expect to normalize relations with the West. The American expert James Rickards suggested that the country has a strategic plan and gold in it – an ideal investment for protection against future sanctions.
In July Russia bought the maximum amount of gold for the year. The Central Bank bought 26.1 tons of precious metal, with the result that the volume of gold reserves rose to 2,170 tons. As Bloomberg reported, this suggests that the central bank is dropping US assets to protect itself from possible reinforcement of sanctions.
In May, Russia managed to circumvent China and conquer the fifth place in the world for gold reserves.