The Bank of Russia did not support restrictions for Russians on the export of gold

The Bank of Russia does not support the introduction of restrictions on the export of gold by individuals, as such measures may negatively affect cross-border settlements. This was announced on September 3 by Alexey Guznov, Deputy Chairman of the Bank of Russia.

Guznov stressed that gold export is one of the ways to make payments.

"Do we need to support calculations that allow, among other things, critical imports to be imported into the country? Need. That's the answer in this plane, you need to look," he said, his words are quoted by RBC.

Protect the asset: the volume of the illegal gold market in the Russian Federation was estimated at 20%

Against this background, the Ministry of Finance will tighten control over the turnover of precious metals coins.

Earlier, on August 7, the CEO of the service Moneymatika.ru Maxim Molderf said that since the end of July, the price of gold has exceeded $3,450 per troy ounce for the first time, and since the beginning of 2025, quotations have risen by 25%. According to him, there has also been a noticeable increase in purchasing activity from central banks. Countries, especially developing ones, are actively replenishing gold reserves and at the same time reducing investments in the dollar.

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