Russia increased its gold reserves to a record level in September – Kommersant
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Russia’s gold reserves at the end of September 2023 increased to 2.36 thousand tons, which became a record figure in the modern history of our country. Russia’s reserves increased by 44 tons (+2%), which allowed the country to take fifth place in terms of gold reserves in the world, reports “RIA News” with reference to data from the world’s central banks.
The first place in terms of the level of gold reserves is currently occupied by the United States (8.1 thousand tons), second by Germany (3.35 thousand tons), third by Italy (2.45 thousand tons), fourth by France (2. 4 thousand tons). Also, the ten countries with the largest gold reserves currently include China, Switzerland, Japan, India and Turkey,
According to Reuters, more and more countries have been repatriating gold reserves recently due to sanctions imposed on Russia and the subsequent freeze on its assets. As a result of the sanctions imposed in response to the military operation, up to $300 billion of the $640 billion of Bank of Russia reserves were frozen.
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