29.01.2026 20:50
The recent rise in gold prices has alarmed Russia. Deputy Finance Minister Aleksey Moiseyev stated that they have proposed to the government a ban on individuals exporting more than 100 grams of gold bullion from the country.
Russia's Deputy Finance Minister Aleksey Moiseyev made a statement to journalists in the capital, Moscow.
EXPORT OF GOLD BARS OVER 100 GRAMS IS PROHIBITED Moiseyev stated that they are preparing to prohibit individuals from exporting gold bars weighing more than 100 grams, saying, "We have reached an agreement with all institutions and submitted the proposal to the government. I hope it will be reviewed quite quickly by the government and sent to the presidential administration for evaluation."
Aleksey Moiseyev IN 2025, TOTAL TRANSACTION VOLUME INCREASED MORE THAN THREE TIMES In Russia, one of the world's largest gold producers, interest in the precious metal is also increasing following sanctions from Western countries. Russia's gold reserves exceeded $300 billion for the first time in November 2025, while the share of gold in the country's international reserves rose to 42.3%.
It was reported that the total transaction volume in the precious metal market on the Moscow Exchange (MOEX) increased more than three times in 2025 compared to the previous year, surpassing 3 trillion rubles (approximately $38 billion).