In Russia, the process of abandoning the dollar is constantly underway, as in other countries that are worried about its reliability, said Dmitry Peskov, press secretary of the President of the Russian Federation. So he commented on the words of the head of the Ministry of Finance Anton Siluanov about the upcoming decrease in the share of the dollar in the National Welfare Fund (NWF) to zero.
“The de-dollarization process is constant. He, in fact, is now visible to the naked eye. The process of de-dollarization is taking place not only in our country, but also in many countries around the world, which have begun to experience concerns about the reliability of the main reserve currency, ”said Mr. Peskov during a press call.
Dmitry Peskov refused to answer the question about the political reason for the change in the structure of the NWF. “The Kremlin should not explain this, the government should explain it. You need to ask the finance minister, ”he said. He also said that the Kremlin “has no right” to answer the question about the advisability of reducing the dollar in the general reserves managed by the Central Bank.
Mr. Siluanov presented the new structure of the NWF at the St. Petersburg International Economic Forum. After the withdrawal of the dollar from the NWF, the shares of the euro and the yuan will be increased, and for the first time gold will enter the structure of the fund. The change will take place within a month.
Russian Foreign Minister Sergei Lavrov spoke about the need to de-dollarize economies in April. According to him, settlement in national or alternative currencies to the dollar will reduce the risks of sanctions.