#BREAKING Russia’s National Wealth Fund Is Shrinking Fast 🇷🇺💰
Russian media is beginning to acknowledge a harsh reality: over the past three years, Russia has reportedly sold off around 71% of the gold held in its National Wealth Fund.
May 2022: ~554.9 tons of gold
Jan 1, 2026: ~160.2 tons remaining
The remaining gold is reportedly held in anonymous accounts at the Central Bank.
Total liquid assets in the fund (gold + yuan) now stand at 4.1 trillion rubles. Analysts warn that if oil prices and the ruble remain at current levels, Russia could withdraw up to 60% of the remaining fund this year—around 2.5 trillion rubles.
This isn’t just accounting trivia. A shrinking financial buffer could limit Russia’s ability to fund:
infrastructure projects
social spending
long-term military operations
The key question going forward: how long can current spending levels be sustained before reserves become critically thin? ⚠️
More neutral / credible version (better if you want fewer “shock” vibes)
Reports in Russian media suggest that Russia’s National Wealth Fund has seen a significant reduction in gold holdings over the past three years.
Gold reserves reportedly fell from about 555 tons in mid-2022 to around 160 tons by early 2026, a decline of roughly 70%. Remaining assets are said to be held at the Central Bank, alongside yuan-denominated reserves.
As of early 2026, the fund’s liquid assets total approximately 4.1 trillion rubles. Analysts caution that under unchanged oil prices and exchange rates, further withdrawals could substantially reduce the fund this year.
A continued drawdown may weaken Russia’s fiscal buffer and constrain future government spending.
