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Posted on 11/22/2025 3:08:00 PM PST by dennisw
Russia’s Central Bank has for the first time begun selling physical gold from its reserves as part of Finance Ministry operations to fund the state budget, the Bank said on Wednesday.
The move mirrors previous transactions involving gold from the National Wealth Fund (NWF), which until now were largely virtual. In those operations, the government sold gold to the Central Bank, keeping bullion in the country’s reserves.
Russia’s gold holdings exceed 2,300 tons, the fifth-largest reserves in the world.
“With domestic gold market liquidity having increased in recent years, the Bank of Russia now conducts equivalent operations on the domestic market not only through yuan transactions but also partially through gold,” a Central Bank spokesperson told Interfax.
The Bank did not disclose the timing or size of the sales.
The NWF held 405.7 tons of gold before the full-scale invasion of Ukraine.
The Finance Ministry has since sold 57%, or 232.6 tons, to cover budget shortfalls, leaving 173.1 tons as of Nov. 1.
Overall liquid assets in the NWF including gold and yuan have fallen 55% to $51.6 billion.
Economists said these gold sales help the Central Bank inject currency into the market to support the ruble while easing pressure on yuan holdings.
“Using gold spreads pressure across markets and maintains reserve diversification,” said Vladimir Chernov, an analyst at Freedom Finance Global.
(Excerpt) Read more at msn.com ...
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Wheels falling off Putin clown car.
Lets hope they melted all the fillings in to bar form they took on their own and from the nazis...........
Well, prices are up. They’re not doing it like Britain that sold off all it’s gold at what turned out to be a lousy price.
Sell high!
What does Z have to sell?
Besides other counties mil aircraft, equipment?
We’ve got ‘em now!
The Moscow Times is based in Amsterdam, Netherlands.
LOL! Nothing gives away fake news more than trying to deceive readers regarding where you’re based.
So Russia did sell off some gold a few days ago?
—”We’ve got ‘em now!”.
How can you tell?
Russia is still working on its SPECIAL MILITARY OPERATION, but has had numerous setbacks...
Selling hard assets to finance current operations is never a good sign.
A few years ago there was talk of Russia China both going to a gold backed currency to screw the US Dollar. It looks like China will have to pull this off by themselves. Putin is blowing Russians national treasure in Ukraine.
“So Russia did sell off some gold a few days ago?”
Beats me, I don’t live there. But even if they did, that’s not the only claim in the story. Perhaps they sell gold on a regular basis or this is a first-time (as claimed by the Dutch)? We have no way of knowing as that wasn’t announced.
https://finance.yahoo.com/news/gold-sinks-below-4000-as-investors-sell-safe-haven-assets-on-china-us-trade-deal-203316587.html
“What does Z have to sell?”
A few hundred thousand dead Russians.
putin is stupid and still is evil...
LOL ... reverse that ... Putin could say the same...only more!
Maybe time for another breaky, Meggy?
Gold is coming off its peak. Now is the time to sell.
Liquidation.
wy69
Liquidation.
wy69
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