🚨 MAJOR MACRO UPDATE: Russia’s Gold Reserves Are Shrinking Fast 🚨 🇷🇺💰
Russian state-linked media is now acknowledging a trend analysts have tracked for years: Russia has sold nearly 71% of the gold once held in its National Wealth Fund over the past three years.
📉 In May 2022, the fund held 554.9 tons of gold.
📉 By January 1, 2026, that figure had fallen to just 160.2 tons, reportedly shifted into Central Bank-controlled accounts.
Today, the National Wealth Fund’s liquid assets (gold + yuan) total only 4.1 trillion rubles. Analysts warn that if oil prices stagnate and the ruble remains weak, Russia could be forced to drain another 60% of remaining reserves in 2026 — roughly 2.5 trillion rubles.
This isn’t just balance-sheet math.
It signals a rapidly shrinking financial buffer:
• Less capacity for infrastructure investment
• Reduced room for social spending
• Narrower flexibility for prolonged military operations
The key question now isn’t whether pressure builds —
it’s how long Moscow can keep funding operations before reserves hit critical levels ⚠️💥
#GlobalMarkets #GoldReserves #MacroRisk #Geopolitics #WEFDavos2026