21.01.2026, 07:46
In the United States talked about what happened to Russia's reserves
Source: OREANDA-NEWS
OREANDA-NEWS Russia has earned $216 billion from rising gold prices since the beginning of its economic development, Bloomberg writes.
"Russia has profited enormously from the sharp rise in gold prices since the start of the war in Ukraine, and its scale has reached a size comparable to frozen sovereign reserves in Europe," the article says.
According to the newspaper, the profits from the rise in the price of the precious metal compensate for most of the losses from the freezing of assets.
"While securities and funds blocked in Europe cannot be sold or pledged, gold can still be monetized if necessary," the agency notes.
Earlier, RIA Novosti found out that Russia's gold reserves increased by a record $130 billion over the year due to a rise in price. According to an analysis of the Central Bank's data, as of January 1, 2025, there were 195.7 billion dollars worth of bullion in its vaults, and a year later, 326.5 billion.
This happened due to the rally in the gold market: over the specified period, its value jumped 1.7 times — from 2.6 to 4.4 thousand per troy ounce.
Gold in the reserves of the Central Bank accounted for 43.3 percent by the beginning of 2026. At the same time, the share of the currency increased by only 3.6 percent, amounting to 428.3 billion dollars.
"Russia has profited enormously from the sharp rise in gold prices since the start of the war in Ukraine, and its scale has reached a size comparable to frozen sovereign reserves in Europe," the article says.
According to the newspaper, the profits from the rise in the price of the precious metal compensate for most of the losses from the freezing of assets.
"While securities and funds blocked in Europe cannot be sold or pledged, gold can still be monetized if necessary," the agency notes.
Earlier, RIA Novosti found out that Russia's gold reserves increased by a record $130 billion over the year due to a rise in price. According to an analysis of the Central Bank's data, as of January 1, 2025, there were 195.7 billion dollars worth of bullion in its vaults, and a year later, 326.5 billion.
This happened due to the rally in the gold market: over the specified period, its value jumped 1.7 times — from 2.6 to 4.4 thousand per troy ounce.
Gold in the reserves of the Central Bank accounted for 43.3 percent by the beginning of 2026. At the same time, the share of the currency increased by only 3.6 percent, amounting to 428.3 billion dollars.
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