During World War I, Romania, which had sided with Russia, Britain, and France against Germany, the Austro-Hungarian, and the Ottoman empires, sent 91.5 metric tons of gold coins and ingots to Moscow for safekeeping. Along with the gold, Romania also sent jewels and cultural treasures such as works of art. However, after the Bolsheviks seized power in Russia in 1917, the gold was confiscated, and Romania’s efforts to recover it have been unsuccessful.
The gold, part of the reserves of the Romanian National Bank, is not just a financial asset but also a symbol of national dignity and historical heritage. The gold serves as a crucial financial asset, providing stability to the currency and bolstering confidence in the nation’s economic strength. The return of the gold would not only provide Romania with a significant financial boost but also symbolize a historical reconciliation and a recognition of Romania’s sovereignty.
European Parliament Resolution
The European Parliament’s resolution, passed with the backing of the National Bank of Romania, stipulates that Moscow should return the gold. The resolution recognizes the illegal appropriation of the gold and the breach of international law and customs in not returning it. The resolution also emphasizes the importance of preserving Member States’ national treasures, as stipulated in the European Treaties.