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Russia's National Wealth Fund Gold Holdings 2022-2025

The decrease in Russia's National Wealth Fund gold holdings from over 400 tonnes to approximately 173 tonnes between 2022 and 2025.

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Jan 28, 2026
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How much gold does Russia’s National Wealth Fund currently hold and how is it reported?

National Wealth Fund (NWF) has seen its gold holdings fall sharply since 2022 and, by late 2025, is reported by multiple outlets to hold roughly of unallocated gold — a figure carried in state media a...

Jan 30, 2026
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How much gold does the Bank of Russia report in national reserves versus holdings earmarked for the NWF?

are reported at roughly 2,332.7 tonnes, and — the sovereign fiscal pot used for stabilization and budget support — held an estimated 173.1 tonnes of that total as of November 2025, meaning implicitly ...