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Russia cuts gold reserves, boosts XRP use amid sanctions and war costs.

Market News
25 May 2026
Coinpaper
View Source
Neutral
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Russia has reduced its gold reserves by about 900,000 ounces in early 2026, marking the lowest level since 2022, as it faces rising war expenses and sanctions. This move signals fiscal strain and a shift from relying on gold as a financial buffer. Concurrently, Russia is expanding its use of XRP-based blockchain payment systems on the Moscow Exchange to facilitate faster, sanctions-resistant cross-border trade, especially in oil exports to China and India. This strategy reflects Russia's effort to bypass traditional banking sanctions and explore new digital settlement methods to sustain its economy under pressure.

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