Russia Suspends Foreign Currency and Gold Trading on Domestic Market

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The Russian government has decided to temporarily suspend operations involving the purchase and sale of foreign currency and gold on the domestic currency market. The relevant decree has already been published and will remain in effect until July 1, 2026.

This measure concerns monthly operations carried out under the existing mechanism for managing budget revenues. The government explained that the decision is linked to the planned revision of the baseline oil price parameter, which is used in formulating budgetary policy.

Authorities expect that the temporary suspension of these operations will enhance the resilience of state finances and strengthen overall financial system stability.

After the resumption of operations, a separate procedure will be established to account for the volume of deferred transactions for the purchase and sale of foreign currency and gold, starting from March of this year.