Russia's central bank is scaling back its foreign exchange interventions starting 2026, signaling a shift in monetary policy stance. By reducing forex sales aimed at supporting the rouble, the central bank is essentially withdrawing some of its price stabilization efforts. This move reflects changing priorities in managing currency volatility and suggests the authorities are adjusting their approach to capital flows and financial market dynamics. Such policy pivots can ripple through global forex markets and impact how investors allocate resources across asset classes—including crypto markets that often move inversely to currency strength and geopolitical tensions. Traders watching emerging market dynamics should keep close tabs on how this rouble support reduction plays out in practice.