Mass Export of Gold is Akin to High Treason

Sergey Glazyev: Sanctions and sovereignty

We need to complete the de-dollarization of our foreign exchange reserves, replacing the dollar, euro and pound with gold. In the current context of the expected explosive growth in the price of gold, its mass export abroad is akin to high treason and it is high time for the regulator to stop it. We need to introduce a digital ruble as soon as possible, which could be used for cross-border payment and settlement operations, bypassing the banking system that is subject to sanctions pressure. We should hurry up with the creation of our own exchange space and mechanisms for ruble pricing for the raw materials produced in our country in excess. Invite partners in Asia to introduce a global payment and settlement currency based on the index of national currencies and exchange-traded commodities.