The Central Bank of Russia announced it will reduce its foreign currency sales by nearly half in 2026 in an effort to stabilize the ruble. Starting from January 12 and continuing until June 30, the bank will sell 4.6 billion rubles per day. This is a decrease from the current rate of 8.9 billion rubles per day.
This decision comes amid ongoing economic challenges faced by the country. For further context on the economic situation, recent developments have highlighted significant industrial crises affecting Russian wholesalers.
The Central Bank"s strategy aims to address fluctuations in the currency market as it seeks to maintain stability in the ruble"s value.
