俄财政部将抛售人民币黄金！12月油气收入减1376亿卢布

Group 1 - A major country is selling its gold reserves, which seems paradoxical given its wealth in gold [1] - In 2022, Russia eliminated the 20% value-added tax on gold purchases, leading to over 60 tons of gold being bought by citizens, indicating a national strategy to absorb gold internally due to international sanctions [3][5] - The Russian government is facing a significant financial crisis, with oil revenue severely impacted by Western price caps, leading to a projected shortfall of 1,376 billion rubles in December [7] Group 2 - The Russian government is forced to liquidate its foreign exchange and gold reserves at an unprecedented rate of 5.6 billion rubles daily to address its financial shortfall [8][10] - The reliance on the Chinese yuan has increased, with its share in the national welfare fund rising from 23% to 60%, but it is now being used to address immediate financial needs [10] - The Central Bank of Russia has raised interest rates to 16% to combat inflation, but this has stifled economic activity outside the military sector, creating a vicious cycle of financial strain [12] Group 3 - The budget is based on an optimistic oil price of $56 per barrel, which is unrealistic given current market conditions, leading to a depletion of the national welfare fund by mid-2026 [14] - The depreciation of the ruble is no longer a viable solution due to increased dependency on imports for military supplies, complicating the financial situation further [14] - The ongoing war and financial isolation are forcing Russia to sell off its last financial safeguards, such as gold, indicating a critical juncture for the country's economy [14]