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. Last Updated: 07/27/2016

Gold, Diamond Sales

MOSCOW -- Russian state precious metals and gold reserve Gokhran expects to start this year's sales of gold and diamonds shortly, Gokhran head Valery Rudakov said in a newspaper interview published Wednesday.

Asked by Vremya MN if Gokhran planned to sell some of its remaining reserves, Rudakov replied: "Of course. We are now waiting. The sales plan for 2000 is now with [acting President Vladimir] Putin, and in the next few days it will be confirmed. It covers the sale and purchase of diamonds by Gokhran and the sale and purchase of gold."

It was not clear whether this sales plan was the same as an export quota, or if it covered other precious metals and minerals held by Gokhran. Rudakov only referred directly to gold and diamonds in the interview.