by Chris Powell
The Russian Finance Ministry intends to reduce purchases by the state fund of precious metals and stones. At the same time, it is planned to begin selling gold and diamonds to replenish the treasury.
A source told Pravda: “The reasons for this decision are clear. In Russia, there is a problem with the budget deficit, revenues are reduced, costs do not decrease, and the Finance Ministry is looking for ways to fill the revenue part … through the sale of gold and precious stone reserves. … The Finance Ministry has decided to take profits. …
… For the remainder of the report, in Russian: