Resumption of budget rule operations to stabilize foreign exchange market - Central Bank

16:07; 24 April 2026 year

### Russian Central Bank to Resume Currency and Gold Operations Under Budget Rule The Central Bank of Russia (CBR) will resume operations for buying and selling foreign currency and gold on the domestic market from May under the budget rule mechanism, according to CBR Governor Elvira Nabiullina. She believes this move will have a stabilizing effect on the market. Nabiullina noted that in the updated CBR forecast, the price of oil will rise to $65 per barrel, leading to an increase in the value of exports due to higher global prices. The surplus in foreign trade will be significantly higher than the February forecast. "The impact of this additional export revenue on the exchange rate will be largely offset by the budget rule mechanism," Nabiullina said. "Thus, the resumption of operations under the budget rule will have a stabilizing effect on the foreign exchange market." Previously, the Russian Ministry of Finance announced that it will resume transactions for purchasing and selling foreign currency and gold under the budget rule mechanism starting May 2026. [Link to the Ministry of Finance announcement](https://business-magazine.online/fn_1852346.html)

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