Part 3/11:
Parallel to the reduction in military incentives, Russia has begun to liquidate large portions of its gold reserves. Gold, a central element of Russia’s fiscal narrative, has traditionally been portrayed domestically and internationally as a symbol of fiscal responsibility and economic resilience. The sale of gold reserves signifies a desperation to generate quick cash, further exposing the fragility of Russia’s economic foundation.
The Hidden Narratives of Economic Mythology
Russia’s approach to economic resilience has long been built on two pillars of national mythology:
- Low National Debt: