The Ministry of Finance proposed to form a reserve of precious metals, stones and products made from them in the State Fund for the mobilization needs of Russia. The relevant draft law has been published on the official portal of draft regulatory legal acts.
The department believes that the initiative will help strengthen the country’s defense capability, economic and financial security. Now there is no mechanism in the legislation for the use of jewelry for the purpose of mobilization, the authors of the project note.
It is assumed that the president will make decisions on the formation of reserves and their use.
The Ministry of Finance announced the development of a project to create a reserve of precious metals and stones for mobilization needs a year ago. The mechanism involves the use of reserves to prepare the country for a possible transition from peace to war.