MarketsHighCorroboratingAccelerating
9.3
Bank of Russia liquidates gold reserves to finance federal budget deficit
Digi24LO·RU·2 days ago
The Bank of Russia has executed its largest gold reserve sell-off in 25 years, offloading 44 tons to sustain federal military spending. This liquidation signals increasing fiscal strain on the Kremlin as it attempts to balance war-time budget requirements against depleting liquid assets.
Locations
Entities
Russia's international reserves have increased to $722.9 billion. Concurrently, the Bank of Russia has reportedly liquidated 44 tons of gold reserves, the largest sell-off in 25 years, to fund military expenditures. This suggests ongoing fiscal pressure despite an overall increase in reserves, with the exact composition and liquidity of these assets remaining subject to external constraints.