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Romania still wants its century-old gold back from Russia
The Gold Treasure of National Bank of Romania That Was Sent to Moscow
By the National Bank of Romania
via Politico.Eu, Brussels
Tuesday, March 5, 2024
The troubled story of the evacuation to Moscow of the National Bank of Romania treasure began during the First World War.
Romania entered the war in August 1916, joining the "entente" of France, the United Kingdom, and Russia. After the initial victories, Romania's situation became increasingly challenging, as it fought a two-front war against the Central Powers: with Germany and Austria-Hungary in the northwest and with Germany, Bulgaria, and the Ottoman Empire in the south, along the Danube.
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Thus in December 1916 the Romanian army was forced to retreat to Moldavia and to cede two-thirds of the country's territory, including Bucharest, its capital city.
All central institutions -- the royal house of Romania, the parliament, the government, and the National Bank of Romania -- relocated in Iași (Jassy), to the east of Romania.
The risk of the entire country being occupied by the armies of the Central Powers led the government of Romania to send the National Bank of Romania treasure to Moscow. The decision took into account the fact that Russia was the sole ally with which Romania shared a common border, and that Romania's royal family had strong family ties with Russia's imperial family: Queen Marie of Romania was Tsar Nicholas II's first cousin (Maria Alexandrovna, the queen's mother, and Alexander III, the tsar's father, were brother and sister). ...
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