Russia plans to significantly increase gold purchases, raising the scale by five times

智通财经2026/10/07 07:35

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(1) On October 5th, the Russian Ministry of Finance announced that it would increase its purchases of foreign exchange and gold by five times from October 7th to November 6th. (2) This purchase plan involves funds of approximately 279.42 billion rubles. (3) The arrangement indicates that Russia will significantly ramp up its gold purchases in October.

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(1) On October 5, the Russian Ministry of Finance announced that it will increase the scale of foreign exchange and gold purchases to five times the original amount from October 7 to November 6. (2) The purchase plan involves funds of approximately 279.42 billion rubles. (3) This arrangement means that Russia will significantly ramp up its gold purchases in October.

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Russia plans to significantly increase gold purchases, raising the scale by five times

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