Date: 6 months ago   Category: Economy

The Russian legislator offers the cryptocurrency tied to gold for needs of military export

The high-ranking Russian legislator has expressed opinion that Moscow has to choose the cryptocurrency provided with gold for payments for export of the Russian weapon to avoid financial sanctions from the West.

the Famous deputy Vladimir Gutenev, the First Deputy Chairman of the Committee economic polices of the State Duma, has urged the Kremlin to suspend agreements with the United States in the conditions of escalation of political war.

In April Trump's administration has discussed new sanctions against Russia for her participation in the Syrian conflict.

In the notice of the next month the USA has inflicted sanctions on six Russian organizations in connection with suspicions about breach of contract about non-proliferation of weapons of mass destruction.

Telling the USA about "the asymmetric answer" Gutenev has called for cancellation of agreements, joint from the USA, including agreements on non-proliferation of rocket technologies and has addressed the TASS news agency, largest in Russia.

Should note that the legislator has urged the government to switch to cryptocurrency as means to avoid commerce in the American dollars and dependence on the global intra banking system working through SWIFT, the organization which was in the past under the influence of the interests of the USA. It is attempt of the USA to break agreements on Russian weapon and civil goods, - Gutenev has told TASS, having added: [Russia has to] to consider the possibility of payments in the cryptocurrency tied to gold cost. And I think, it will be very interesting opportunity for China, India and other countries too. The famous politician didn't go deep into details of the cryptocurrency which is rather tied to gold. The most known token provided with gold has been started by the British royal mint earlier this year. The called Royal Mint Gold (RMG), crypto - a token on a blockchain has been for the first time announced at the end of 2016 and is provided $1 billion in gold ingots that makes about two tons of gold which is stored in storages of Royal mint near Cardiff in Wales. One coin of RMG costs one gram of gold. the largest gold mining company of Australia also declared

In January development of the own, provided with gold cryptocurrency.

the Proposal of the legislator has appeared when the Russian president Vladimir Putin as it is considered, has ordered to work on own national cryptocurrency of Russia, under the name "cryptoruble" Putin's Administration has supported own Russian cryptocurrency As earlier it was reported, the economic adviser of Putin Sergey Glazyev has told that the cryptocurrency will be the useful tool for avoidance of the international sanctions. during the meeting with the Kremlin officials Glazyev has told

: This tool very much is suitable for sensitive activity on behalf of the state. We can settle accounts with our contractors worldwide, despite sanctions. Russia was also accused of the help to Venezuela when developing and for



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