Russia's gold reserves reach $229 billion

Russia continues to strengthen its financial stability. According to the Central Bank, the value of the country's gold reserves reached a record $229 billion as of March 2025.

This figure has increased by 38% in one year. For comparison, in March 2024, gold reserves amounted to $ 166 billion.

Notably, the share of gold in Russia's international reserves has also been steadily increasing. It currently stands at 35.4 percent, well above the 28 percent target in 2024.

Analysts say that the growth of gold reserves and its share in international reserves could help Russia diversify its assets and reduce its dependence on the dollar and other traditional reserve currencies in times of geopolitical instability.