Russia starts selling gold reserves for 1st time in 25 yrs: Report

Russia has begun selling physical gold from its central bank reserves for the first time in 25 years, according to a report by bne Intellinews. The move aims to plug a widening budget deficit driven by sustained military spending. Russia sold around RUB 3.5 trillion ($35 billion) worth of reserves in the first two months of 2026, the report added.