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The Bank of Russia is continuing to sell gold from its reserves, cutting holdings by the end of April to the lowest level since the full-scale invasion of Ukraine and potentially raising more than $4 billion....
A decline in Russian steel consumption accelerated in the first quarter as the economy slowed, according to Severstal PJSC, one of the country's top steelmakers....
Russian First Deputy Prime Minister Denis Manturov highlighted that Russian companies were implementing projects in the areas of metallurgy, mechanical engineering, pharmaceuticals, and light industry in Tajikistan as well...
Russia began selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military spending....