Russia’s central bank suspends the buying of gold from banks

“Currently, the demand from the population for the purchase of physical gold in bullion has increased, due, in particular, to the abolition of VAT payment during these operations. In order to create conditions to meet the demand of the population, the Bank of Russia suspends the purchase of gold from credit institutions from March 15, 2022,” the Russian Central Bank said in a statement on Tuesday. (ILKHA)