Russian Deputy Proposes Joint BRICS Gold Storage Center in Russia

Source: Известия | Original Published At: 2026-08-16 16:02:10 UTC

Key Points

• State Duma deputy Artem Kiryanov proposed establishing a joint international center in Russia for storing BRICS member states' gold reserves.
• He said the center could operate under international oversight, with participation by all BRICS countries and legal guarantees.
• Kiryanov noted that gold prices doubled over two years to more than $4,300 per ounce, amid active purchases by central banks, including in BRICS countries.
• Russia said it has storage infrastructure, security systems, and a record of not freezing foreign assets, and is ready to guarantee the safety of BRICS gold reserves.
• Iran's central bank governor said Iran intends to join the BRICS New Development Bank in the near future.