De ce își vinde Rusia aurul

Russia has become a major gold seller to address budgetary issues, but this does not necessarily indicate an imminent financial crisis. The Central Bank reported a decrease in gold reserves, reaching levels not seen since before the Ukraine invasion. Despite significant defense spending, analysts suggest that the sales are part of a normal trend rather than panic. The National Welfare Fund has been utilizing gold as a liquid asset, and Russia's ability to produce gold domestically allows for quick replenishment. Future financing of the war depends heavily on oil and gas revenues, which could mitigate budget deficits, but long-term economic distortions may arise.