Russia adds another 500,000 oz. of gold to its reserves in June after adding 300,000 ounces in May.
Russia is at the center of an accelerating "de-dollarization" campaign as part of the BRICS alliance.
Recently, Russian President Vladimir Putin said that United States sanctions would backfire.
It seem as the tensions rise in Ukraine, so do Russia's gold purchases.
Click for Chart of Russian Gold Reserves.