Russia’s Shrinking Gold and Yuan Reserves: Imminent Collapse or Calculated Strategy?
Russia’s National Wealth Fund has plummeted from US$150 billion before the Ukraine invasion to approximately US$38 billion, largely due to the ongoing war effort. This significant decrease is further exacerbated by the depletion of gold reserves and other illiquid assets. Military overspending, totaling US$5 billion in the last three months alone, significantly contributes to this economic decline. Ukraine’s intelligence service predicts severe economic difficulties for Russia by year’s end, including energy sector crises and labor shortages.
John Q. Hosedrinker