This was stated by Deputy Chairman of the Securities Regulatory Commission of China, Fang Xinghai.
This is evidenced from the data of the Central Bank of the Russian Federation.
At the moment, the currency basket of the National Wealth Fund consists of US dollars, euros and pounds sterling.
Andrey Kostin explained the unstable situation in the market by the fact that “investors are driven by emotions, not calculations.”
Sergey Lavrov said that payment in national currency is “an objective reaction to the unpredictability of US economic policy.”
According to the publication, it has become a “budget headache” and “complicated the country’s finances.”