Jun 21, 2022 08:04 PM (GMT+8) · EqualOcean
In the context of the conflict between Russia and Ukraine, the Russian government and parliament intend to modify the sales and management regulations of the national precious metal and gem inventory. According to the website of government documents, the Russian Ministry of Finance proposed this week to put part of the country's gold and precious stones into special reserves for use in wartime. If the plan is approved, the president will have more power to decide how to dispose of these reserves. In addition, the Russian State Duma approved new regulations last week, allowing the president to have greater freedom to use national treasures without consulting the government or parliament. This would be necessary if the country had to sell assets urgently.