observatornews.ro/economic/rusia-isi-vinde-rezerve

Russia has sold 62 tons of gold from its reserves over the past ten months, primarily to finance a growing budget deficit due to the Ukraine war. Despite these sales, Russia remains the sixth largest holder of gold reserves globally and the second largest producer. The Central Bank's governor stated that these transactions are normal liquidity operations, not indicative of an imminent economic collapse. The sales are mainly conducted through the Ministry of Finance, with domestic demand for gold rising as citizens seek to protect their savings amid inflation. Analysts view this trend as a long-term concern rather than an immediate financial crisis.