Sechin explained the loss of the status of a "safe haven" by US Treasury bonds

The position of the US dollar as a means of payment is being weakened due to its use as a sanctions weapon. This was stated by Igor Sechin, Executive Secretary of the Presidential Commission for the Development Strategy of the Fuel and Energy Complex, Chief Executive Officer of Rosneft.

Speaking at the opening of the VII Russian-Chinese Energy Business Forum (RCEBF) in Beijing, he noted that "the dollar's position is weakening not only as a means of payment, but also as the world's reserve currency."

According to Sechin, prerequisites are being created for the use of alternative instruments such as gold. The price of this precious metal has traditionally been rising on the eve of global crises, the head of Rosneft noted. Gold today "takes the place of US Treasury bonds, which are gradually losing their status as a "safe haven," he stressed.