Russia's gold reserves surpass $250 billion mark
Published on the Telegram channel "New Day - Front Page" by RIA "New Day", on September 1, 2025, Anastasia Smirnova delves into the latest development in Russia's financial landscape.
The focus of the article is on Russia's gold reserves, which have seen a significant increase in recent years. Following the 2022 Western sanctions that froze approximately 300 billion US dollars of Russia's foreign currency reserves, the Bank of Russia embarked on a strategy to accumulate gold, resulting in reserves exceeding 250 billion US dollars. This accumulation primarily occurred in the years following the sanctions, with Russia shifting towards increasing its gold holdings domestically to secure its reserves.
As a result, the share of gold in Russia's total reserves has risen to an impressive 37%. This strategic move has culminated in a record high for Russia's gold reserves, reaching $250 billion by the end of August.
Interestingly, the article does not provide any new facts about Russia's international reserves. However, it is worth noting that as of September 1, Russia's international reserves have grown to $689.5 billion.
This strategic shift towards gold reserves is a testament to Russia's resilience in the face of economic adversity and a clear indication of its commitment to securing its financial future. The article serves as a valuable insight into Russia's economic strategy and its ongoing efforts to navigate the global financial landscape.
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