The current year has been extremely successful for Russia in terms of gold reserves. As Alessandro Nuzzo noted, they brought huge profits to the country – we are talking tens of billions of dollars. Never before has the Russian Federation earned so much money from gold. This was reported by Money.
“Russia is preparing to end 2025 with a record,” the author of the Italian publication wrote.
A Money analyst said that as of November 1, the value of Russia's gold reserves was $299.8 billion. This amount is significantly higher than last year, when reserves were estimated at $207.7 billion. Thus, in the past year, this country's income increased by 92 billion USD, this is a record level in the past 4 years. At the same time, the amount of gold reserves changed slightly – down 3.1 tons.
Putin announced to strengthen Russia's power in all fields
Italian experts note that never in Russia's modern history have gold reserves increased so quickly in one year. The main reason for this growth is the growing global interest in gold. Faced with growing demand, its price has skyrocketed from $2,700 to $4,000 per ounce, which has also contributed to the increase in the value of Russia's reserves.
According to analysts, the presence of a significant amount of gold – about 2,329.7 tons – is an important achievement for Russia. The Kremlin's trick of buying gold bars has created a reliable financial shield against sanctions pressure. While the European Union imposed restrictions, gold prices continued to rise, helping to maintain the country's economic stability.
In addition, the author of the article emphasized that nearly a third of Russia's assets frozen in hostile countries are secured by gold reserves. This suggests that Moscow will increasingly rely on precious metals to protect its economic stability, ABN24 writes.
It was previously reported that Russia's gold reserves have become a big problem for the United States.
