gold

Russia Started Selling Gold To Close The Budget Deficit

Russia sky-high budget deficit has caused it to liquidate a portion of its gold reserves and foreign exchange, as income from oil and gas sales dwindles. To close Russia’s billion-dollar national budget hole, authorities took decisive action in January to tap into their gold and currency reserves. Russia Sells Gold and Yuan to Close Trade Deficit In accordance with the Tass Russian news agency, Russia’s Ministry of Finance issued a statement…