Putin’s Russia sold 22000 kg gold to plug a ballooning budget hole

Published on 24 April 2026

The cash need is tied to a deficit that spiked

Russia’s central bank has already sold about 21.8 tonnes of gold in 2026, or roughly 22,000 kilograms, according to a Kitco report citing regional reporting. The move is linked to a widening budget deficit, reported at $61.2 billion by end-March, as Moscow seeks funds amid mounting fiscal pressure.

Russia sold around 21.8 tonnes of gold so far in 2026
The sales total is about 22,000 kilograms
Funding drive is tied to a widening budget deficit
Deficit reportedly reached $61.2 billion by end-March

#budget deficit #russia #central bank #gold #putin

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Putin’s Russia sold 22000 kg gold to plug a ballooning budget hole

The full experience is on mobile.