Russian gold and foreign currency reserves

Russia’s reserves of the U.S. dollar have been on the wane as of late. Russia isn’t investing American currencies or American debt, but is choosing to put its money into something with a more diverse portfolio of uses, like gold, for instance. Russia’s reserves of U.S. dollars are down to $14.9 billion in May from $96.1 billion in March, while increasing its gold reserves by over 100 tons since the beginning of the year.

Jon Huntsman, the new ambassador to Russia who President Donald Trump has appointed, has downplayed the prospect of further sweeping sanctions against Russian companies and businesspeople being announced by the US on 29th January 2018.
Ambassador Huntsman instead says that only a report will be published on that day