🇷🇺 Russia is accelerating the sale of its gold reserves as pressure on state finances continues to mount.
The Bank of Russia reduced its gold holdings by roughly 900,000 ounces during the first four months of 2026, bringing total reserves down to 73.9 million ounces — the lowest level seen since February 2022.
With gold averaging nearly $4,800 per ounce during that stretch, the selloff could have generated an estimated $4.3 billion in liquidity. 💰📉
This comes after Ministry of Finance of the Russian Federation previously tapped into gold and foreign currency assets from the National Wellbeing Fund to help cover widening budget deficits caused by weakening energy revenues. ⚡🛢️
What makes this shift even more notable is that Russia was once among the world’s biggest gold accumulators, buying massive amounts of domestically mined gold before pausing purchases in 2020.
Now, the trend appears to be reversing — with gold increasingly being used as a financial lifeline rather than a long-term reserve asset. 🏦🔥
