Russia Reduces Gold Reserves for Six Consecutive Months, 43.5 Tons Cut in 2026

According to BlockBeats, Russia has reduced its gold reserves for six consecutive months through early July 2026, reversing over 20 years of continuous accumulation. Current reserves stand at approximately 2,282 metric tons (73.4 million troy ounces) valued at roughly $299 billion. The cuts coincide with mounting fiscal pressure; Russia's international reserves fell from $747.4 billion in May to $720.4 billion in June, with the decline attributed primarily to gold sales.

Analysts attribute the selloff to budget strain from the ongoing Russia-Ukraine conflict, declining energy revenues, and expanded government spending. Russia's budget deficit reached approximately 4.6 trillion rubles by March. The central bank previously noted that record gold prices above $5,500 per troy ounce prompted sales, suggesting the country is converting its long-term strategic reserve into liquid funds rather than abandoning its gold strategy.