Russia has banned the export of gold bars weighing over 100 grams, according to a decree signed by President Vladimir Putin and published in the country’s official legal information system.
The new regulation prohibits both companies and individuals from taking gold exceeding the specified weight out of the country. This move comes as Russia continues to navigate a complex economic landscape shaped by international sanctions and geopolitical factors.
Russia’s gold reserves surpassed $300 billion for the first time in November 2025, with gold accounting for over 40% of the country’s international reserves. The development underscores Russia’s reliance on gold as a key component of its financial stability.
Trading volume in the precious metals market on the Moscow Exchange (MOEX) more than tripled in 2025 compared to the previous year, exceeding 3 trillion rubles – approximately $38 billion, reports indicate.
The decree’s implementation and potential impact on global gold markets remain to be seen, but the restriction signals a tightening of controls over Russia’s significant gold holdings.
