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Russian International Reserves Reach $722.9 Billion
Vedomosti·RU·3 days ago
The Central Bank of Russia reduced its gold reserves by 44 tonnes in the first half of 2026, marking the largest drawdown in over two decades. This shift suggests an urgent need for liquidity or a strategic pivot in reserve management amid ongoing sanctions pressure.
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The Central Bank of Russia executed a record 44-tonne gold liquidation in 1H26, the largest drawdown in over two decades, indicating an urgent need for liquidity or a strategic pivot in reserve management amidst ongoing sanctions pressure. This action occurs as the Russian bond market volume reached 72.8 trillion rubles, reflecting the scale of domestic debt issuance.