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State Duma deputies adopted in the first reading billwhich allows to recognize as a state secret information about the size of the gold reserves and foreign exchange reserves of Russia.
A proposal to amend the law “On State Secrets” was submitted to parliament by the Russian government in early June. As stated in the explanatory note, “in connection with the unfriendly actions of foreign states,” information about the gold reserves of the Russian Federation must be protected from “unfriendly foreign states”.
June 21 Reuters sources reportedthat sanctions against gold may be included in the next, seventh package of EU restrictions against Russia.
Deputy Minister of Finance of the Russian Federation Alexei Moiseev declared on Wednesday, that Russian gold reserves are stored inside the country, their volumes only increase and they were not exported abroad. According to him, Russian gold is stored in two places: in the Urals and “here, closer” to Moscow.
Before the start of the war with Ukraine, February 18, 2022, the volume of Russia’s gold and foreign exchange reserves reached historical maximum and amounted to 643.2 billion dollars. As of June 10, Russia’s international reserves were estimated at $594.6 billion, follows from statistics Central Bank.