RE:RE:LOL... You going to Blame Russia for cutting off Gas supplyEx Actually. only about one-quarter of Russia's reserves are held in gold. The rest in is foreign currencies, EUR, USD, and CNY, and USD. Russia is a top 3 producer of gold and also top 3 in resource base. The two largest Russian gold miners are Polyus and Polymetal. I suppose the government could nationalize these miners to create new gold reserves as needed.
>>>Gold and Foreign Reserves The latest Bank of Russia reports that only 22% of its international reserves are US Dollars, while gold accounts for 23%. As of January 28th 2022, Russia holds about $634 billion in international reserves, the world’s 4th largest forex reserves. Russia’s largest reserve currency holding is the Euro which accounts for a third of all reserves. Gold is the second largest, and the US Dollar is the third largest. Chinese Yuan comprises about 12%.
https://medium.datadriveninvestor.com/russia-holds-more-gold-reserves-than-the-us-dollar-f43983e4067