Deputy Chairman of the Central Bank Tulin explained the storage of Russia's reserves in dollars and euros

As he noted in an interview with RBC, these currencies are actively used in the country's payment turnover.

“There was no way not to keep some of the reserves in dollars and euros, because these currencies were most actively used in the country's international and domestic payment turnover,” Tulin explained.

He clarified that since 2015, the Bank of Russia has been systematically engaged in the creation and formation of two types of reserves, one of which was intended for peacetime, and the other for emergencies.

Earlier, Russian Deputy Foreign Minister Alexander Pankin said that Russia would move away from the dollar and euro that had become “toxic” in trade, economic and investment relations with partners.