Russia Limits Gold Bar Exports Over 100 Grams from May 1
Фото: Кирилл Кухмарь/ТАСС
Starting May 1, Russia imposes strict controls on the export of refined gold bars, banning individuals from taking out bars exceeding 100 grams, with some exceptions for licensed transactions. Legal entities face fewer restrictions on exports outside the Eurasian Economic Union, while credit institutions are fully exempt.
According to a decree by Russian President Vladimir Putin, from May 1, the export of refined gold bars (affinaged gold) from the Russian Federation must follow a special procedure.
The new regulation prohibits individuals from taking gold bars with a total weight exceeding 100 grams out of Russia. However, there are several important exceptions.
Specifically, individuals departing from airports in the Moscow air hub (Sheremetyevo, Domodedovo, Vnukovo) and Knevichi Airport in Vladivostok may still export gold bars if they have a permit from the Assay Office (Probirnaya Palata).
For legal entities and individual entrepreneurs (IPs), exporting gold bars to countries outside the Eurasian Economic Union (EAEU) is not limited by weight. Meanwhile, shipments to EAEU member states can only be made through the four above-mentioned airports and require a permit from the Assay Office.
Credit institutions are exempt from these restrictions.
To obtain a permit, individuals and organizations must submit an application to the Assay Office (Probirnaya Palata).
