US EditionMore than 100 tons of gold have disappeared from Putin’s “piggy bank” — the Russian National Welfare Fund — The Moscow Times.
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More than 100 tons of gold have disappeared from Putin’s “piggy bank” — the Russian National Welfare Fund — The Moscow Times.
Last year, gold reserves in the NWF decreased by 171.2 tons, although only 58.9 tons were officially announced for sale. The Russian Ministry of Finance did not explain where the other 100 tons of precious metal went. At the beginning of 2025, the Fund had 187.7 tons of gold left (at the beginning of last year — 358.9 tons). Over the year, the “gold reserve” decreased by 171.2 tons (48%). Journalists learned that gold disappeared from the NWF al…
More than 100 tons of gold have disappeared from "Putin's piggy bank" — the National Welfare Fund of the Russian Federation — The Moscow Times reported.
The activities of the Russian National Welfare Fund have become part of the grey zone, as the coffers accumulated over the years thanks to the export of raw materials are increasingly empty. In the past year, the fund has lost more than 100 tons of gold. The Kremlin does not explain to citizens what happened to the capital that was supposed to improve their standard of living. Most of it went to Putin's war.
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