Krasnaya Znamya (Russian: Красное Знамя) is a rural locality (a khutor) in Baranovskoye Rural Settlement, Nikolayevsky District, Volgograd Oblast, Russia.

[2] Krasnaya Znamya is located in steppe on the left bank of the Volgograd Reservoir, 72 km east of Nikolayevsk (the district's administrative centre) by road.

Krasny Meliorator is the nearest rural locality.

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