Yakutia Considers Constitutional Change to Sell Gold Independently
The Yakutia Republic, also known as Sakha, is considering a significant change to its constitution. The proposal, currently under discussion, aims to grant the republic's head the right to independently sell gold and precious metals from the state treasury. This move, if approved, would mark a departure from the current laws that prohibit such sales.
The project, which includes this proposal, has sparked debate among local politicians. Public hearings were held in the State Assembly (Il Tumen) to discuss the potential changes. However, a search of available records has not yielded information about specific individuals involved in the public debate between 2000 and 2025 regarding this matter, nor their expressed views.
Former deputy Mikhail Sannikov has voiced his doubts about the wisdom of transferring such powers to the current head, Aisen Nikolaev. He cites a lack of accountability as his primary concern. Similarly, deputy Vladimir Paskachin has raised questions about the proposed management system for state property, pointing to past issues with the SAPF fund.
If the proposal is approved, it would allow the Yakutia head to independently manage and sell gold and precious metals from the state repository. This change could potentially bring additional funds to the state budget, as suggested by former head Egor Borisov. However, the concerns raised by local politicians about accountability and past management issues will need to be addressed before any final decisions are made.
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