Deputy minister says Finance Ministry to buy only gold for Gokhran - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Deputy minister says Finance Ministry to buy only gold for Gokhran

KASIMOV, Ryazan Region, Feb 2 (PRIME) -- The Finance Ministry has revised its strategy to acquire valuables for the state precious metals and gems repository Gokhran to set gold purchases among the priorities, Deputy Minister Alexei Moiseyev told reporters on Friday.

УLast year 2.2 tonnes of gold worth 7 billion rubles was bought for Gokhran. We had not bought gold for two years, but then resumed the purchases and plan to continue them. The pause was linked with the revision of the strategy,Ф he said.

Moiseyev added that gold in bars will be acquired as it is a liquid instrument that has a market price so it can be sold any time to cover budget deficit.

УWe have allocated 10 billion rubles for purchases for Gokhran this year, of which 8.5 billion rubles will be spent on bar gold and the rest on materials for existing articles,Ф he said.

The federal budget implies precious metals and gems purchases for Gokhran at 8.5 billion rubles in 2018 and 10.5 billion rubles in 2019 and in 2020. The budget also envisages sales of 7.5 billion rubles worth of the materials each year in 2018-2020.

The official also said that no commercial diamond purchases from Smolensk-based Kristall plant are planned yet.


02.02.2018 16:39
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 86.8258 -0.3464 11 aug
USD 73.7750 +0.1374 11 aug
Stock Market Indices
1D 1W 1M 1Y
rtsi 1267.96 -0.27 18:50 10 aug
micex 2960.78 -0.39 18:50 10 aug
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 187.27 +0.02 19:13 10 aug
lkoh 5095.00 +0.14 19:13 10 aug
rosn 367.20 +0.01 19:13 10 aug
sber 225.14 -0.94 19:12 10 aug
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 86.6850 -0.2275 14:59 10 aug
USDTD 73.4725 -0.1600 17:44 10 aug