RUSSIA’S FINANCIAL BUFFER IS THINNING — LIQUIDITY UNDER PRESSURE
Russian media has issued a rare admission: the National Wealth Fund has reportedly lost nearly 71% of its gold reserves in three years — falling from 554.9 tons in 2022 to 160.2 tons today, now held in undisclosed accounts.
Combined with yuan reserves, total liquid assets are estimated near 4.1 trillion rubles. Analysts warn that if oil prices remain soft and the ruble stays weak, up to 60% more reserves could be drawn down this year.
This is not excess trimming.
This is balance-sheet erosion.
Sustaining infrastructure investment, social obligations, and military financing becomes harder as buffers shrink. The process is gradual, but markets care most when flexibility starts to vanish.
Slow erosion precedes forced decisions.
Forced decisions move markets.
Market Snapshot
LINEA — 0.00607 | +12.82%
Macro pressure builds quietly.
Liquidity narratives shift suddenly.
#LINEA #Macro #GlobalLiquidity #Geopolitics #WEFDavos2026
