The Russian Finance Ministry specified that it will not include cryptocurrencies in its strategic reserve due to worries over their price volatility. However, Deputy Finance Minister Vladimir Kolychev indicated that this policy might evolve once liquid assets within the fund approach 7-10% of Russia’s GDP. Kolychev remarked, “However, for now, the volatility signs are not favorable.”
On March 4, 2025, local reports highlighted that the Ministry of Finance has no plans to modify its current investment regulations concerning the National Wealth Fund (NWF), particularly regarding the inclusion of crypto assets.
BREAKING:
馃嚪馃嚭RUSSIA DECLARES NO INTENTION TO INCLUDE BITCOIN IN ITS STRATEGIC RESERVES.source
Russia’s Reserve Composition
Currently, the NWF primarily consists of approximately 60% Chinese yuan and 40% gold, with Kolychev emphasizing the necessity for stability and liquidity in asset management. He stated, “From the point of view of sovereign budget reserves, it is important for us that the assets in which these reserves were invested could be sold very quickly and without a large price revaluation.”
Despite interest from other countries like the USA regarding crypto reserves, nations like Russia, Switzerland, and Australia remain skeptical. On March 1, 2025, Martin Schlegel, President of the Swiss National Bank, rejected a proposal advocating for the inclusion of Bitcoin in reserve holdings, asserting that cryptocurrencies do not meet the fundamental characteristics of a reliable currency.
Furthermore, Australia鈥檚 current administration has dismissed any plans for a strategic crypto reserve. As the nation approaches a new election, recent polls show a slight preference for the center-right coalition.
Key Takeaways
- Russia鈥檚 reluctance to incorporate cryptocurrencies reflects concerns regarding their volatility and liquidity.
- While the possibility of future cryptocurrency reserves remains, significant reservations must be addressed.
