MOSCOW, June 6 (RAPSI) – The Government has submitted a bill to classify information on Russia's gold and foreign currency reserves, to the lower house of parliament, the State Duma official website informs.

Information on the size of the gold and state foreign exchange reserves of the Russian Federation should be protected from foreign states due to their unfriendly actions, an explanatory note to the draft law reads.

The initiative’s authors propose to change the status of such information, which is not presently subject to classification as state secrets and classification, to the status of classified information.

Moreover, the document introduces the possibility to include investment units in collateral for bonds in order to expand the ability of companies to raise funding by issuing collateral-backed bonds.