The US appreciated the decision of Moscow to abandon the dollar in the NWF

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In April 2021, the Joe Biden administration introduced new sanctions against the Russian Federation. In early June, the Russians decided to abandon the dollar in its National Wealth Fund, which amounts to 13,8 trillion Russian rubles, which is equivalent to 185,8 billion US dollars. Experts in the United States have assessed the actions of Russia, according to the American television channel CNBC.

Russian Finance Minister Anton Siluanov said at the SPIEF-21 in St. Petersburg that the American currency in the NWF assets will be replaced with the European euro, Chinese yuan and physical gold. Modification of the structure of reserves should take place within a month. After that, the NWF will be 40% from the euro, 30% from the yuan, 20% from gold, as well as 5% each for the British pound and the Japanese yen.



BlueBay Asset Manager analyst Timothy Ash said the decision to ditch the dollar is "highly political." He believes that with this move, the Kremlin sent a signal to the White House ahead of the summit of the American President and Russian leader Vladimir Putin. In fact, Moscow made it clear that it expects nothing from Washington, except for new anti-Russian restrictions.

We don’t need the US, we don’t need to do dollar deals, we are immune to future US sanctions

- Ash concluded, assessing the decision of Moscow.

Earlier, the chairman of the Central Bank of Russia Elvira Nabiullina in an interview called the digital ruble the future of the financial system of Russia, “as it correlates with the development of digital economics". By the end of the year, a prototype should be prepared, and testing will begin next year 2022.

In turn, the ex-employee of the US Treasury Michael Greenwald thinks that this may become a cause for concern in Washington.

Russia, China and Iran could create their own digital currencies for central banks to avoid using the dollar, and other countries could follow suit. This is alarming

- explained Greenwald, summed up the American media.

We remind you that in 2018, President Putin supported the plan of the Russian government to de-dollarize the economy. This happened after the tightening of anti-Russian sanctions and other restrictive and unfriendly measures by the United States. Several years later, American experts began to sound the alarm.
8 comments
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  1. AICO
    AICO
    +3
    5 June 2021 16: 20
    The jaboids began to croak !!!
  2. Kharkiv resident - Saltovka resident
    Kharkiv resident - Saltovka resident
    -10
    5 June 2021 18: 08
    Nobody refuses the dollar ... It's not true
    Fearing further sanctions (apparently there are reasons? And again the Kremlin is planning something?) Will transfer $ 40 billion from the NWF account to the account in the Central Bank of the Russian Federation (which is not yet dependent on the state and its funds cannot be seized under sanctions). And this amount will simply hang on another bank account.
    But, of course, the propaganda wave needs to be raised ...
    1. shinobi
      shinobi
      +5
      6 June 2021 04: 18
      You understand what you are writing about? Even direct vassals of the United States refuse to green, and you have all propaganda. You should not live with illusions.
      1. akarfoxhound
        akarfoxhound
        +4
        6 June 2021 10: 19
        So he is here in propaganda and has recently been engaged in Matrassan's stupid and straightforward, like the international policy of his overseas masters. And he drove himself "painted" to make it look like "the opinion of the inhabitants of the east of Ukraine."
        Everything is simple, predictable and primitive
  3. Jacques sekavar
    Jacques sekavar
    +4
    5 June 2021 18: 26
    Digital currencies are a global trend.
    All state formations of the world were faced with a choice - to create their own or to use someone else's.
    Whoever is able to create a national one, others will choose between the digital dollar, the euro, the renminbi, and this will accelerate the formation of three world centers and the beginning of the redistribution of spheres of influence.
    1. shvn
      shvn
      -5
      5 June 2021 22: 27
      Oh, I'm afraid that the euro will bend, and the dollar and renminbi will remain ...))) And where can the ruble lean against?
      1. shinobi
        shinobi
        +4
        6 June 2021 04: 27
        And inappropriately they will lean on nowhere. The ruble, although it is in a fever from time to time, which is normal in general, is quite self-sufficient and exists much longer than the dollar. It's funny that the same Yankees tycoons, until recently, were happy to buy up ruble-denominated state assets. The State Department even had to push through the Senate sanctions specifically prohibiting buy up Russian assets. Take root and prophesy: ​​the ruble will become the world currency together with the yuan.
        PS: Oh, bent how!
      2. akarfoxhound
        akarfoxhound
        +1
        6 June 2021 10: 22
        Do not be afraid! As my commander used to say: "Whoever shits, he dies!" laughing