Recently Russia is selling off large amounts of gold. Its reserves dropped by nearly 900,000 ounces in early 2026, reaching the lowest level in four years.
At the same time, the Moscow Exchange launched XRP futures in mid-May, and new crypto laws will take effect on July 1.
Russia is exploring XRP for fast, sanctions-resistant payments, especially for oil sales to China and India. Moscow is building an alternative financial system alongside gold.
source: [https://www.disruptionbanking.com/2026/05/26/why-putin-is-turning-to-xrp-as-russias-gold-reserves-hit-a-four-year-low/](https://www.disruptionbanking.com/2026/05/26/why-putin-is-turning-to-xrp-as-russias-gold-reserves-hit-a-four-year-low/)
