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He commented upon Russian gold market: "Jewellery sector is the principal gold consumer - up to 35 tons of gold a year - in Russia. Gold is an important part of Russian export: annually our banks sell more than 60 tons of gold abroad. There are only two organizations that buy and accumulate gold; they are the Central Bank of Russia and the GOKHRAN.
Last year we have mined about 180 tons of gold for $1,7 bln. Gold mining is very important for industrial development of Magadan, Chita, Amursk regions, Krasnoyarsk krai, Yakutia, Chukotka. Gold is considered to be not only the means of money earning but the resource that allow Russia to progress and strengthen its positions".
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