If this rumours happen, i am believe its good news for bitcoin and the price. Bitcoin will first time officially bought by government and maybe become government reserve. It could be folllowed by others country and i think its good for bitcoin price and others cryptocurrency
If Russia is buying Bitcoin and other cryptocurrency for investment purpose then how do you think that the price will move up, as they are going to buy for only once and then who are going to buy and push the price. So i think it will take time to move and what about Russia going to buy slowly so market wont react and their target will be achieved. So i think this news cannot be confirmed until it is officially declared by the Russian Government.