Russia Liquidates 71% of Its Gold Reserves to Finance War Effort

https://x.com/TheStudyofWar/status/2012381870462222653 | https://archive.today/tqqfx

https://web.archive.org/web/20260102013832/https://carnegiee...

https://www.clingendael.org/publication/assessing-strength-a...

https://www.themoscowtimes.com/2025/08/01/russia-limits-acce...

https://www.themoscowtimes.com/2025/07/07/rosstat-stops-publ...

Russia mines approximately 300 to 330 metric tons of gold annually, so it's the world's second-largest gold producer after China.

Production in 2024 was estimated at 310–330 tons, with significant output from Siberian and Far Eastern regions like Krasnoyarsk Krai and Magadan Oblast.

So in a couple of years or so that amount of ~395 tons sold off can be replaced.