Market
What will be the status of Russia's gold reserves by December 2025?
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Resolution / Starting Odds
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Official reports from the Russian Ministry of Finance or credible financial news outlets
Story
Russia Spent Nearly 25% of National Welfare Fund, Valued at $116.8 Billion, to Support War Efforts Amid Ongoing Ukraine Invasion
Jan 16, 2025, 09:51 AM
In 2024, Russia reportedly spent nearly a quarter of its National Welfare Fund's available reserves to support its economy amid the ongoing war in Ukraine. This expenditure is part of a broader strategy to maintain a war footing, as the country faces substantial military losses. Reports indicate that Russia has incurred an average of 1,500 casualties daily, totaling over 700,000 dead and injured since the invasion began. As of January 1, 2025, the National Welfare Fund was valued at approximately 11.88 trillion rubles, equivalent to $116.8 billion, representing 6.2% of the country's GDP. The fund's liquid assets have diminished significantly, with a reported decrease of 30% in December 2024, leaving balances at $37.5 billion and gold reserves down to 187.7 tons.
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