Economy
Russia to resume domestic FX, gold sales after over a year's hiatus
Sales to resume on April 7 in line with existing budget regulations, says Finance Ministry
Emre Gurkan Abay and Tuba Ongun |
03.04.2025 - Update : 04.04.2025
MOSCOW
Russia’s Finance Ministry announced on Thursday that it will resume foreign exchange and gold sales in the domestic market for the first time since January 2024.
In a statement, the ministry confirmed its decision to lift the suspension on these sales, which had been in place for over a year.
Sales will resume on April 7 in line with existing budget regulations.
Analysts attribute the move to a decline in Russia’s oil revenues, which has likely prompted the ministry to restart foreign exchange and gold sales to stabilize the market.
