Gold Miners Union of Russia asks the Central Bank to increase gold reserves to 4-5 thousand tons

Artisan Miner Union of Russia has offered to increase gold reserves in gold and foreign exchange reserves of the Central Bank of the Russian Federation to 4.5 million tons during 10 years, and to buy up to 250-300 tons annually for this - all the gold, mined and produced in Russia, chairman of the Union Victor Tarakanovskiy said in an interview with the Prime.

Now the Central Bank buys gold through commercial banks that make loans to subsoil users under the extortionate interest rates. The State Depository for Precious Metals should do it - to buy up all the gold through advancing the production without any interests, as it was before, and to transfer it the Central Bank, the chairman of the Union thinks.