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Russia resumes foreign currency and gold purchases after stronger oil and gas revenues
Posted inMarkets

Russia Resumes FX and Gold Purchases After Oil Revenue Windfall

by Oguz BuyukyildirimMay 6, 2026May 6, 2026

Russia will resume foreign currency and gold purchases after higher oil prices created new fiscal space for the federal budget. The Finance Ministry said it will buy foreign currency and gold on the domestic market between May 8 and June 4. The total volume will be 110.3 billion rubles, with daily purchases of 5.8 billion […]

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