{"id":1326098,"date":"2025-11-27T14:24:51","date_gmt":"2025-11-27T12:24:51","guid":{"rendered":"https:\/\/prm.ua\/depletion-of-resources-moscow-has-switched-to-mass-sales-of-gold\/"},"modified":"2025-11-27T14:24:51","modified_gmt":"2025-11-27T12:24:51","slug":"depletion-of-resources-moscow-has-switched-to-mass-sales-of-gold","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/depletion-of-resources-moscow-has-switched-to-mass-sales-of-gold\/","title":{"rendered":"Depletion of resources: Moscow has switched to mass sales of gold"},"content":{"rendered":"

The Central Bank of Russia has for the first time begun direct sales of gold from its reserves on the domestic market, opening access to the metal for banks, state-owned companies, and investment structures.<\/strong><\/p>\n

This was reported by<\/a> the Foreign Intelligence Service of Ukraine.<\/p>\n

The SZRU notes that this step is forced: gold is becoming a tool for the Kremlin to support the ruble, close the financial “holes” of corporations, and cover the budget deficit amid a rapid reduction in other resources.<\/p>\n

Until 2025, the regulator did not sell gold on the domestic market – it only accumulated it, receiving the metal from the Ministry of Finance. Now the Central Bank of the Russian Federation is moving to a large-scale sale.<\/p>\n

At the same time, the liquid reserves of the Russian National Welfare Fund are rapidly melting: from $113.5 billion in 2022 to $51.6 billion in 2025. The fund’s gold reserves have fallen by 57% \u2014 from 405.7 tons to 173.1 tons.<\/p>\n

According to the forecast of the SZRU, in 2025 gold sales could reach $30 billion (about 230 tons), and in 2026 \u2014 at least $15 billion (115 tons).<\/p>\n

Intelligence emphasizes: such monetization of reserves accelerates the depletion of reserves, which are already under pressure from sanctions and a sharp reduction in available currency instruments.<\/p>\n

While selling gold now allows the Kremlin to temporarily bolster the budget and support the ruble, the strategy poses long-term risks \u2014 deepening reserve deficits, reliance on asset sales, and limiting opportunities for future interventions.<\/p>\n

As a reminder, expanded sanctions restrictions targeting Chinese ports and refineries are significantly slowing the flow of Russian and Iranian oil to China<\/a> , the world’s largest consumer of “black gold.” At the same time, the emergence of new schemes to circumvent these restrictions suggests that the current drop in supplies may be short-lived.<\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram<\/a> .<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Russia has for the first time begun direct sales of gold from its reserves on the domestic market, opening access to the metal for banks, state-owned companies, and investment structures. This was reported by the Foreign Intelligence Service of Ukraine. The SZRU notes that this step is forced: gold is becoming […]<\/p>\n","protected":false},"author":59,"featured_media":1307733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76892],"class_list":["post-1326098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1326098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1326098"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1326098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1307733"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1326098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1326098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}