🚨 Russia’s Gold Drain: The Silent Warning Behind the Numbers 🇷🇺💰
A stark reality is emerging from Russian media: over the last three years, nearly three-quarters of Russia’s gold held in the National Wealth Fund has been sold.
Back in May 2022, the fund contained about 555 tons of gold.
As of January 1, 2026, that figure has collapsed to just 160 tons, now parked in undisclosed Central Bank accounts.
📉 A shrinking financial cushion
Today, the fund’s liquid reserves gold plus yuan total roughly 4.1 trillion rubles. Analysts warn that if oil prices and the ruble don’t improve, Russia may burn through another 60% of what’s left this year around 2.5 trillion rubles.
That would leave the country with razor-thin reserves.
⚠️ Why this matters
This isn’t just accounting trivia. A weakened National Wealth Fund limits Russia’s ability to:
Support its economy
Fund social and infrastructure programs
Sustain long-term military spending
The buffer is shrinking. Fast.
💥 The real question now isn’t if pressure builds — it’s how long Moscow can keep spending before the safety net disappears.
#GOLD #Russia #MacroRisk #globaleconomy #Geopolitics
