“I believe that we should not worry about the decisions of the G7 regarding our gold and trade in it.
First, because we should use our gold to replenish our own reserves.
And for this, it is desirable for the Central Bank to buy it on the market for rubles.
Gold is quite capable of supporting our foreign trade if the exchange with the help of Western currencies is closed or somehow limited.
And, secondly, selling gold to unfriendly countries is simply illogical and pointless, ”the economist explained.
In his opinion, the creation of reserves in the currency of Western countries for Russia is fraught with their next withdrawal.
“Therefore, exchanging gold, which can replenish our reserves, for “toxic” dollars and euros is tantamount to simply throwing gold in the trash can.
Of course, Western countries can make efforts to limit the trade of our gold with other, non-Western countries.
However, in any case, gold seems to be a more liquid alternative than, say, US dollars, which can be blocked at any time,” the expert added.
Therefore, Russia should not worry about the decisions of the West, but systematically try to find our own opportunities to ensure the openness of the Russian economy and foreign trade, the source said.
“Whether it will be a “golden cryptoruble”, the BRICS currency or something else, time will tell.
As long as we have such a large trade surplus, we have room for research and experimentation,” the specialist concluded.
Earlier, the leaders of the G7 countries announced their desire to reduce Russia's income from the sale of gold.
Prior to this, Bloomberg wrote that the leaders of the G7 countries intend to commit themselves to providing indefinite support to Ukraine.