Russia's central bank is scaling back its forex market interventions starting in 2026. The decision marks a significant shift in monetary policy, as officials reduce their support for the rouble through foreign exchange sales. This move signals changing priorities in managing the country's currency dynamics amid evolving economic conditions. Market participants are watching closely, as reduced central bank intervention typically creates greater volatility in forex markets. The timing of this pullback could reshape trading patterns and capital flows in emerging markets, with ripple effects across commodities and broader asset allocation strategies. Such policy transitions often precede major shifts in regional economic policy and investor positioning.