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Last year, gold reserves in the NWF decreased by 171.2 tons, although only 58.9 tons were officially announced for sale.
The Russian Ministry of Finance did not explain where the other 100 tons of precious metal went.
At the beginning of 2025, the Fund had 187.7 tons of gold left (at the beginning of last year — 358.9 tons). Over the year, the “gold reserve” decreased by 171.2 tons (48%).
Journalists learned that gold disappeared from the NWF almost every month during 2024.
For example, in March, the fund lost 23.2 tons, in May — 4.7 tons, in October — 8.5 tons. At the same time, the Ministry of Finance officially reported only one transaction — the sale of 58.9 tons of gold in December to cover the budget deficit.
In response to journalists’ requests, the ministries stated that the gold could have been converted into rubles and used to support Russian companies and strategic sectors of the economy.
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