Russian Central Bank to Resume Gold Purchases on Domestic Market From Monday

Russian Central Bank to Resume Gold Purchases on Domestic Market From Monday
People walk past the Central Bank headquarters in Moscow, Russia, on Feb. 11, 2019. (Maxim Shemetov/Reuters)
Reuters
2/27/2022
Updated:
2/28/2022
MOSCOW—Russia’s central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to try and ensure financial stability during Western sanctions against Moscow for its invasion of Ukraine.

Earlier, Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert as fighting in Ukraine continued.

“Western countries are not only taking unfriendly actions against our country in the economic area. I’m speaking about the illegitimate sanctions that everyone is well aware of. However, the top officials of the leading NATO countries also make aggressive statements against our country as well,” Putin said on Sunday, according to state-run media.