Russian gold reserves fall to four-year low

MOSCOW

Russia’s gold reserves dropped to 74.3 million troy ounces in February, marking their lowest level in four years, according to figures released by the central bank.

The data indicate that reserves have now declined for a second straight month, reaching their lowest point since March 2022, when they were recorded at 74.1 million troy ounces.

Despite the recent decline, Russia still ranks as the world’s fifth-largest holder of gold reserves, following the US, Germany, Italy, and France.