Russia Cuts Gold Holdings by 900,000 Ounces in First Four Months of 2026, Explores XRP Settlement

According to market analyst Pumpius and Bank of Russia data, Russia reduced its gold holdings by approximately 900,000 ounces in the first four months of 2026, bringing total reserves to roughly 73.9 million ounces, the lowest level since early 2022. The sharp decline reflects sustained fiscal strain from military expenditure and sanctions pressure.

Concurrently, the Moscow Exchange has been expanding its range of crypto-linked instruments, including XRP indices and futures products. The move signals Russia's exploration of blockchain-based settlement infrastructure as an alternative to traditional Western banking channels, particularly for commodity trade with BRICS-aligned partners.