Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.
Russia's War Against Ukraine
Reuters: Russian central bank buys up domestic gold output as sanctions bite
Russian Prime Minister Vladimir Putin (C) holds a gold bar while visiting the Central Depository of the Bank of Russia next to Georgy Luntovsky (L), first deputy chief of the Central Bank of Russia, on January 24, 2011 in Moscow.
