The Russian Central Bank’s gold holdings have been a topic of significant interest in the financial markets. Rumors have circulated that the bank has been selling gold to other central banks and trading to companies willing to bypass sanctions. CPM Group’s Jeffrey Christian discusses Russia’s gold holdings and how they relate to other central banks around the world. 

Over the past year, there have been rumors that the Russian Central Bank was selling gold to other central banks and trading companies that were potentially circumventing sanctions imposed on trading with the Central Bank of Russia. The Central Bank stopped publishing data on its international monetary reserves, including gold, after early February of last year. However, they have recently released this data.

In the above video CPM Group’s Jeffrey Christian goes over the data, discusses whether it is significant, and most importantly, poses the question, Why Now? Why, after a year, has Russia finally decided to release its data.