Russia Dumps Gold, Shifts to XRP Due to Sanctions Pressure

• Russia sold around 900,000 ounces of gold in early 2026 to address budget deficits.
• The country’s holdings dropped to 73.9 million ounces, the lowest since February 2022.
• Moscow Exchange launched indices and futures contracts for XRP, Solana, and others.

Banks and officials in Russia are increasingly looking at alternatives to traditional reserves and payment systems, and XRP is emerging as one of the digital assets under discussion for efficient cross‑border settlement.

On X, analyst Pumpius reported that Russia sold around 900,000 ounces of gold in early 2026 to address budget deficits from sanctions and military spending. This reduced the country’s holdings to 73.9 million ounces, the lowest level since February 2022.

Gold has always been Russia’s financial safety net as a liquid, non‑government‑controlled asset to lean on when global capital market…

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