The Russian Ministry of Finance will allocate 279.42 billion rubles for the purchase of foreign currency and gold
The daily volume of transactions will be 12.7 billion rubles in the period from October 7 to November 6, 2026
Quick Look
- The Russian Ministry of Finance announced the purchase of foreign currency and gold within the framework of the budget rule in the amount of 279.42 billion rubles in the period from October 7 to November 6, 2026.
- The daily volume of transactions will be 12.7 billion rubles.
AI-generated summary
Why It Matters
The fiscal rule determines how additional oil and gas revenues will be used to purchase foreign currency and gold.
From October 7 to November 6, 2026, the Russian Ministry of Finance will buy currency and gold according to the budget rule for 279.42 billion rubles.
The daily volume of purchases of foreign currency and gold will amount to 12.7 billion rubles.
The expected volume of additional oil and gas revenues from the federal budget in October 2026 is projected to be 289.46 billion rubles.
MOSCOW, October 5 - RIA Novosti. From October 7 to November 6, the Russian Ministry of Finance will buy currency and gold according to the budget rule for 279.42 billion rubles, 12.7 billion rubles per day, according to materials on the ministry’s website.
“The expected volume of additional oil and gas revenues from the federal budget is projected in October 2026 in the amount of 289.46 billion rubles,” the Ministry of Finance said.
“The total deviation of actually received oil and gas revenues from the expected monthly volume of oil and gas revenues and the estimate of the base monthly volume of oil and gas revenues from the base monthly volume of oil and gas revenues at the end of September 2026 amounted to -10.04 billion rubles,” he adds.
“Thus, the total amount of funds allocated for the purchase of foreign currency and gold will amount to 279.42 billion rubles,” the message continues.
“Operations will be carried out from October 7, 2026 to November 6, 2026, respectively, the daily volume of purchases of foreign currency and gold will be the equivalent of 12.7 billion rubles,” the statement says.
Open Questions
- What is the structure of the basket of currencies for purchase?
