But the country's gold holdings still increased in value
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From Bloomberg News
Friday, February 18, 2026
Russia's central bank sold gold from its reserves in January, taking advantage of prices that had climbed to record highs.
The country's bullion holdings fell by 300,000 ounces to 74.5 million ounces, according to data published today by the Bank of Russia. The sale marked the first decrease in gold reserves since October. ...
... Dispatch continues below ...
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Despite the sale, the value of Russia's gold reserves rose 23% in January to $402.7 billion, buoyed by the rally in prices. ...
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