Russia Could Have Earned Over $400 Bln From Rise in Gold Prices — Sechin The proportion of gold held within the Bank of Russia’s reserves has seen a significant and rapid increase. Over the last four years, this share has more than doubled, growing from 21% to 45%. This information was provided by the Executive Secretary of a presidential commission and the CEO of Rosneft.

• The share of gold in the Bank of Russia’s reserves has grown significantly.
• In the past four years, gold reserves increased from 21% to 45%.
• This information was stated by the Executive Secretary of the presidential commission on fuel and energy sector development strategy and environmental security and Rosneft CEO.