Story perspectives

Russia Resumes Currency Purchases, Buys Yuan to Stabilize Budget

5/6/2026

Summary

Story summary

Russia resumed foreign-currency purchases for the first time since the Ukraine war after high oil prices from Iran conflict.
The central bank will buy 110.3 billion roubles of foreign currency—mainly Chinese yuan—for the National Wealth Fund from May 8 to June 4 to stabilise the budget.
Analysts say purchases average 1.18 billion roubles, far below the 14–18 billion forecast, with oil and gas revenues falling 21.2% in April to 855.6 billion roubles after Ukrainian drone attacks.

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Story summary

Russia resumed foreign-currency purchases for the first time since the Ukraine war after high oil prices from Iran conflict.
The central bank will buy 110.3 billion roubles of foreign currency—mainly Chinese yuan—for the National Wealth Fund from May 8 to June 4 to stabilise the budget.
Analysts say purchases average 1.18 billion roubles, far below the 14–18 billion forecast, with oil and gas revenues falling 21.2% in April to 855.6 billion roubles after Ukrainian drone attacks.