俄开启黄金大甩卖！普京掏空2300吨家底填战争窟窿，财政要崩盘？

Core Viewpoint - The Russian Central Bank has begun selling its gold reserves to address a significant budget deficit, indicating a severe financial crisis exacerbated by ongoing military expenditures and Western sanctions [1][3]. Group 1: Financial Crisis - The Russian Central Bank confirmed the sale of gold to "fill the budget gap," highlighting the urgency of the situation as the country faces a budget deficit of 3.7 trillion rubles in 2025, several times higher than the previous year [3][5]. - Western sanctions have frozen approximately 300 billion euros of Russia's foreign exchange reserves, nearly half of its total reserves, forcing the country to liquidate its gold reserves [3][5]. Group 2: Military Expenditures - Russia's military spending is projected to reach 15.5 trillion rubles for the year, averaging 45.3 billion rubles per day, which translates to approximately 3.15 million rubles per minute [5][9]. - Local governments are experiencing financial collapse, with regions like Yakutia announcing budget exhaustion and drastically cutting recruitment bonuses by over 75% [5][9]. Group 3: Gold Reserves and Economic Impact - The National Wealth Fund's gold holdings have plummeted from 405.7 tons pre-war to 173.1 tons, with liquid assets halved to 51.6 billion USD, indicating a severe depletion of strategic reserves [7][9]. - The inability to sell gold internationally due to sanctions has led to a situation where domestic gold sales are insufficient to cover daily military expenses, with inflation rising to 8% and the central bank's interest rate reaching 16.5% [9][11]. Group 4: Long-term Consequences - The act of selling gold reserves is likened to a desperate measure, akin to selling organs for money, suggesting that while it may provide temporary relief, it signals a deeper systemic crisis with no clear winners in the ongoing conflict [11][12].