Russia needs a backup method for international settlements in case of new blockades, sanctions, and logistics problems. Economists at the Center for Macroeconomic Analysis and Short-Term Forecasting propose developing trade with neutral countries through gold-backed stablecoins.
The scheme looks like an attempt to move away from the vulnerability of the dollar and euro. A gold stablecoin could become a digital asset backed by metal, and the central banks of participating countries would act as "liquidity nodes" that would exchange such tokens for national currencies for companies involved in foreign trade.
Interest in gold is intensifying against the backdrop of debt risks. According to experts, the value of gold in the reserves of global central banks is already higher than the value of US government bonds: $5.2 trillion versus $3.7 trillion. At the same time, the public debt of developing countries has almost tripled in ten years – from $12.8 trillion to $36 trillion.
For Russia, this is not just a matter of payments. Amid external pressure, export routes, cargo insurance, and transport infrastructure will have to be restructured. In the new strategy until 2050, a special emphasis is planned to be placed on the Arctic and the Trans-Arctic Transport Corridor – as part of the reorientation of trade towards the East, South, Siberia, and its own logistics.
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