🚨 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 ⚠️💥

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