Ankara: Russia's Finance Ministry announced on Thursday that it will resume foreign exchange and gold sales in the domestic market for the first time since January 2024.

According to Anadolu Agency, the ministry confirmed its decision to lift the suspension on these sales, which had been in place for over a year. Sales will resume on April 7 in line with existing budget regulations.

Analysts attribute the move to a decline in Russia's oil revenues, which has likely prompted the ministry to restart foreign exchange and gold sales to stabilize the market.