Russia's gold reserves have reached 310.7 billion dollars.

Russia's Gold Reserves Make History

Russia's gold reserves reached 310.7 billion dollars for the first time in December, drawing attention. This situation is interpreted as a reflection of the country's economic strategies.

Significant Increase in International Reserves

According to the Russian Central Bank data, as of November 1, Russia's international reserves were at 725.8 billion dollars, while this figure rose to 734.6 billion dollars on December 1.

Increasing Share of Gold in Reserves

Gold plays an important role in Russia's reserves. In June 2007, the share of gold in the reserves was 2.1 percent, while today this figure has increased to 42.3 percent. This change is considered part of Russia's efforts to reduce its dependence on foreign currency reserves.

Impact of Western Sanctions

On the other hand, Western countries have frozen access to about half of the Russian Central Bank's reserves due to the war in Ukraine. This situation could affect Russia's economic policies.