The Ministry of Finance will suspend operations with foreign currency and gold on the domestic market in March.

The Ministry of Finance of the Russian Federation has decided not to conduct transactions for the purchase or sale of foreign currency and gold on the domestic market in March 2026. The agency announced this on its website on March 4.

"Due to the planned changes in the base oil price parameter in the budget legislation, the Russian Ministry of Finance decided not to conduct transactions for the purchase/sale of foreign currency and gold on the domestic foreign exchange market within the framework of the budget rule in March 2026," the statement said.

As explained in the Ministry of Finance, after the resumption of trading, the volume of transactions will be adjusted to take into account the new parameters.

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Russian Finance Minister Anton Siluanov said on February 25 that the government was considering tightening the budget rule in terms of cut-off prices in order to put less pressure on the foreign exchange market. According to him, the main parameters for clarifying the rule have already been prepared.

Prior to that, on February 2, it became known that the authorities would expand measures to support import substitution in oil production. First Deputy Prime Minister Denis Manturov and Deputy Prime Minister Alexander Novak instructed the Ministry of Finance and the Ministry of Industry and Trade to work out the allocation of additional budget allocations in the amount of 15 billion rubles for the period 2026-2028.

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