By: InvestorBrandNetwork (IBN)
April 22, 2026
As Russia’s Fiscal Deficit Grows, the Kremlin Starts Selling Gold
So far this year, the Bank of Russia has divested gold amounting to about 22 tons in a bid to fund the deficit in its budget. The budget shortfall amounted to approximately $61.3 billion by March’s end due to dwindling revenues from oil and gas.
The bull run of gold is far from over, and gold mine development firms like Numa Numa Resources Inc. are likely to…
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