Library.

“The Bank of Russia is selling gold in exchange for Chinese yuan.”

The evidence does not support the specific claim that Russia’s central bank is swapping gold directly for Chinese yuan. Official and high-quality reports describe yuan and gold being sold in parallel for rubles under National Wealth Fund and budget-rule operations, with the Bank of Russia mirroring those moves domestically. There is a real link between gold operations and yuan assets, but not the direct exchange asserted here.

“The Bank of Russia is selling gold reserves to prevent the ruble from collapsing.”

Gold sales have occurred, but the evidence does not show the Bank of Russia is primarily selling gold to stop a ruble collapse. Official and IMF sources tie these operations mainly to fiscal-rule and budget management, while noting no evidence of large-scale gold sales for exchange-rate defense. Gold may play a limited liquidity-stabilization role, but the claim exaggerates its purpose and scale.

“The Bank of Russia has sold 28 tonnes of gold since the start of 2026.”

Official Bank of Russia data indicate gold holdings were down by about 900,000 troy ounces—roughly 28 tonnes—between January 1 and May 1, 2026, so the number is broadly supportable year to date. But many reports citing about 22 tonnes were referring only to the decline through April 1, and the public figures show a reserve reduction rather than a detailed ledger of confirmed sales.