Russia Plans 51.5B Ruble Annual State Precious Metals Purchases 2027-2029

Russia's draft federal budget for 2027-2029 allocates 51.5 billion rubles annually for state purchases of precious metals and stones via Gokhran. This signals continued state accumulation of gold and other precious metals, potentially supporting global gold demand. The move aligns with Russia's ongoing strategy to diversify reserves away from Western currencies.