Russia has decided to save the world’s gold market after it emerged the deficit due to difficulties in the supply of metal in a pandemic coronavirus, said Vice-President of the “Gold coin house” Alexey Vyazovskiy, quoted by RIA Novosti.

According to Vyazovskiy, a violation of international supply chains has resulted in a shortage of gold on the new York stock exchange Comex, which is observed the last two months.

the Situation can correct the actions of the Russian authorities that issued the export licence gold mining companies. This license would allow you to sell the metal abroad directly, without the mediation of participation of banks.

“this year, gold production in Russia may exceed 370 tons, so that the Russian “yellow metal” could be the magic wand that will save the world market from shortages and price difference,” said Vyazovskiy.