Russia's National Wealth Fund: Gold Reserves Decline 📉🇷🇺

Reports reveal a significant reduction in Russia's National Wealth Fund gold holdings. Over the past three years, approximately 71% of its gold reserves have been divested. From 554.9 tons in May 2022, the volume decreased to 160.2 tons by January 1, 2024, held in Central Bank accounts.

The fund's total liquid assets, including yuan and gold, currently stand at 4.1 trillion rubles. Analysts caution that if current oil prices and the ruble remain stable, Russia might withdraw an additional 60% (around 2.5 trillion rubles) this year, potentially leading to critically low reserves. ⚠️

This trend signals a shrinking financial safety net for Russia. It could impact the country's capacity to fund crucial infrastructure, social programs, and military operations. The key question remains: how long can current spending levels be sustained before the reserves are depleted?

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