We finance a hostile West: where are Russian reserves

More recently, most of Russia's gold and currency reserves (gold reserves) were stored in the United States, despite the fact that this country occupied no more than 3% of all Russia's foreign trade. What has changed in the structure of our gold reserves over the past five years, when it became clear that we are no longer “with the Americans”?




Sharp changes in the structure of gold and foreign exchange reserves themselves became noticeable in April last year, when the Central Bank of the Russian Federation began to rapidly dump its assets expressed in Treasury securities of the US Treasury. It is easy to notice that in time this event coincided with the demonstrative introduction of personal sanctions against a number of prominent Russian officials and businessmen, some of which are considered close to the Kremlin.

“Frightened” before possible further restrictive measures regarding operations with federal loan bonds and banks with state participation, the Central Bank of the Russian Federation took measures to radically restructure the gold reserves. As of the end of October, the volume of our international reserves has grown and amounted to 539 billion 900 million in dollar terms.

Gold


It is noteworthy how assets in physical gold grew. They already amount to 2242,5 tons, which puts Russia in fifth place in the world among the largest holders of the precious metal, and is constantly growing due to regular purchases and its own production. At such a pace, our country may well in a few years move to an honorable fourth place in the ranking. Vice Prime Minister Anton Siluanov said:

Gold is such an asset, its reliability is understandable ... And a basket of gold, it seems to me, is an absolutely correct investment of its reserves.


It is difficult to disagree with the head of the financial department in this matter. An additional plus sign is that physically precious metal is located on the territory of our country, that is, no foreign courts will be able to arrest them, recover fines from them, or freeze them.

With other international reserves of Russia, everything is not so uniquely positive.

Currency


The Central Bank of the Russian Federation sharply reduced the volume of assets denominated in US dollars in favor of European and Chinese currencies. Now in the structure of gold and foreign currency reserves, we have 30,3% of the euro, and in the yuan - a very impressive 14,2%. In general, this is consistent with policy Russian dedollarization economics. Unfortunately, this coin has its own downside.

Coming out of the dollar, the Central Bank of the Russian Federation, according to some estimates, received less than $ 7 billion in profit amid rising "American" rates. In addition, Russia is constantly losing money invested in the yuan due to the ongoing devaluation carried out by Beijing. Such is the fee for the gradual return of economic sovereignty.

Securities


Over 193 billion dollars are currently invested in bonds of foreign countries. Another 41,1 billion was invested in non-government securities of foreign issuers. In addition to this, over 140 billion dollars are in the accounts of foreign banks.

As you can see, the lion's share of our international reserves works for the economies of other countries. For example, the Central Bank of the Russian Federation bought up $ 65 billion in Chinese government bonds. The regulator also benefited from the financial systems of Germany, France, Japan, the USA and Britain. Note that the countries on this list have imposed sanctions on the Russian Federation.

I would like a certain sequence of domestic government officials in ensuring the economic sovereignty of Russia. All these accounts and securities may be seized if necessary. Recall that, for example, Ukraine is putting forward new multibillion-dollar lawsuits against the state-owned Gazprom company.

Note that a large-scale purchase of foreign currency is planned in the budget for the next three years. 6 trillion 600 billion rubles will be spent on this: in 2020 - 2 trillion 333 billion, in 2021 - 2 trillion 235 billion rubles, and in 2022 - 2 trillion 35 billion. In other words, a gigantic amount of money will be withdrawn from the Russian economy and aimed at the development of our direct opponents and competitors.
Used photos: http://whoiswho.dp.ru/
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8 comments
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  1. savage1976 Offline
    savage1976 6 November 2019 15: 09
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    The Russian Federation is not liable for losses or damage incurred by the LLC to anyone. Therefore, in claims against Gazprom, the accounts of the Russian Federation cannot be arrested.
  2. Victor N Offline
    Victor N (Victor n) 6 November 2019 16: 58
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    Mr. author! And in what form would you store reserves? Even personal? This is always a problem: reserves are necessary, but ensuring their safety is very difficult: either the bank will be covered, then devaluation, then bandits will take away .... And there are always two problems: to save (at least something) and increase it.
  3. steelmaker Offline
    steelmaker 6 November 2019 17: 25
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    The Medvedev government until 2035 plans GDP growth at the level of 1-1,5%. They don’t even let us kneel!
  4. kapitan92 Offline
    kapitan92 (Vyacheslav) 6 November 2019 23: 10
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    What was the point of selling American bonds in order to later invest the Euros bought into bonds of European countries, NATO members and American henchmen, losing 7 billion dollars on the increased rate of treasuries and 8 billion on the fall of the Chinese yuan?
    laughing
    For such an "independent" financial policy must be shot !!! fool
    1. g1washntwn Offline
      g1washntwn (George Washington) 7 November 2019 06: 59
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      Treasure is promises, air. This is not even a dollar, it is something more ephemeral and elusive. Their rate is purely virtual, like the whole world economy, like the vast majority of world currency assets .... except for gold and the real product in the country's GDP. This is a global emulator of money, easier - a scam. In these thimbles, if I’ve already started playing, the main thing is to throw the same virtual “coins” into the game, and not the real product or your own non-virtual money. And you thought, why is the dollar basically spinning in this game? It has long been just as virtual in this system, this is all its meaning.
  5. Marzhecki Offline
    Marzhecki (Sergei) 7 November 2019 08: 03
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    Quote: savage1976
    The Russian Federation is not liable for losses or damage incurred by the LLC to anyone. Therefore, in claims against Gazprom, the accounts of the Russian Federation cannot be arrested.

    Before getting smart, you would see that Gazprom is not an LLC, but a PJSC. This is a company with dominant government ownership.
    1. savage1976 Offline
      savage1976 11 November 2019 14: 23
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      Before clever, they would consider that the sum does not change from a rearrangement of terms. PAO, LLC, it does not matter absolutely. Responsible for his actions, inaction within the framework of his property, registered capital. Shareholders are not required to compensate for anything out of pocket.
  6. Sergey Latyshev Offline
    Sergey Latyshev (Serge) 7 November 2019 09: 01
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    Money doesn’t smell .....
    The elite keeps their grandmothers and believes in bucks, but that they lost 7 billion state dollars - so the population will endure everything, it’s still not ....
    The main thing is to broadcast: the dollar will collapse, the dollar will collapse ...