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7.7

Central Bank of Russia liquidates record 44 tonnes of gold to offset budget deficit

The Central Bank of Russia sold 44 tonnes of gold in 1H26, marking the largest drawdown in 25 years to address a RUB6 trillion federal budget deficit. This shift in reserve management highlights increasing fiscal pressure on the Russian state as it seeks to fund ongoing expenditures.

bne IntelliNews - Emerging Markets News3 days agoRUCredibility 56%View source

Score Breakdown

Mosaic Score7.7
Confidence0.9
Significance0.8
Source credibility0.6

Intelligence Tags

#gold#russia#central-bank#fiscal-deficit#reserves

Locations

Moscow

Entities

countrymarket
Source

Related signals

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