The Ministry of Finance of the Russian Federation from April 7 to May 12, in accordance with the budget rule, plans to send foreign currency and gold for the sale of 35.9 billion rubles. This is stated in the message of the Russian department.
“The total amount of funds allocated for the sale of previously acquired foreign currency and gold is 35.9 billion rubles. Operations will be carried out from April 7, 2025 to May 12, 2025,” the message said. The daily volume of the sale of foreign currency and gold will amount to 1.6 billion rubles in the equivalent.
The Ministry of Finance of the Russian Federation noted that the expected volume of additional oil and gas revenues of the federal budget is predicted in April 2025 in the amount of 29.7 billion rubles
“The total deviation of the actually received oil and gas revenues from the expected monthly volume of oil and gas revenues and assessing the basic monthly volume of oil and gas revenues from the basic monthly volume of oil and gas revenues according to the results of March 2025 amounted to -65.6 billion rubles. The negative adjustment was determined mainly by a decrease in the volume of oil production and gas and gas condensate compared to forecast values and clarification of the amount of tax on additional income from the extraction of hydrocarbon raw materials according to the results of 2024, ” – follows from the message.
Thus, the total amount of funds allocated for the sale of previously acquired foreign currency and gold is 35.9 billion rubles, the department added.
The last time the Ministry of Finance of the Russian Federation sold currency and gold in January 2024. Sale is carried out at the expense of previously acquired foreign currency and gold, and in their absence – at the expense of the National Welfare Fund (FNB), taking into account the requirements of budget legislation.