Bank of Russia sells 900,000 ounces of gold, generating $4.3B in proceeds
The Bank of Russia has sold 900,000 ounces of gold, generating approximately $4.3 billion in proceeds. This sale has resulted in the lowest level of gold reserves since February 2022, as the country attempts to address a significant budget deficit. The central bank's strategy has shifted from accumulating gold to liquidating it amid rising military expenditures and declining oil and gas revenues.
- ▪The Bank of Russia's gold holdings have dropped to 73.9 million ounces as of May 1, 2026.
- ▪April 2026 saw a reduction of 200,000 ounces, marking the steepest single-month drop in over two decades.
- ▪Russia's budget deficit reached 4.6 trillion rubles by the end of March 2026, driven by shrinking revenues and increasing military costs.
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Bank of Russia sells 900,000 ounces of gold, generating $4.3B in proceeds Russia's gold reserves hit their lowest level since February 2022 as the Kremlin liquidates bullion to plug a widening budget deficit. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Russia’s central bank has offloaded roughly 900,000 ounces of gold since the start of 2026, pulling in an estimated $4.3 billion…
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