The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015.
The country is currently the sixth-largest gold owner after the United States, Germany, Italy, France and China.
According to the CBR, gold reserves spiked to $455.2 billion between March 2 and 9 hitting a historic high not seen since September 2014.
“Our international reserves increased by $2.9 billion or 0.6 percent in a single week, mainly on the strength of positive re-evaluation,” said the regulator...
Source:RT.com