Russia Finance Ministry buys foreign currency and gold for wealth fund

12 articles · Updated · Bloomberg · May 6

In Moscow, it said May purchases will total 110 billion roubles, or $1.5 billion, including deferred operations from March and April.
The move resumes replenishment of the National Wellbeing Fund for the first time since June last year.
Higher oil prices, driven by the war in the Middle East, have lifted Russia's export revenues and enabled the renewed buying.

Is Russia's rainy-day fund revival a true recovery or just a temporary illusion fueled by Middle East conflict?

As oil money flows in, has Russia's war economy finally become immune to Western sanctions?

Why is Russia buying yuan for its future fund while selling its gold reserves to pay today's bills?