Russian National Wealth Fund down by $6.8 bln in February

Russian National Wealth Fund down by $6.8 bln in February

Russia’s National Wealth Fund (NWF) decreased by 675.16 bln rubles ($6.8 bln) in February 2022 to around 12.9 trillion rubles ($131 bln) as of March 1, 2022, the Finance Ministry said in a statement.

"As of March 1, 2022, the National Wealth Fund amounted to 12.935 trillion rubles, or 9.7% of GDP projected for 2022," the statement said.

As of February 1, the National Wealth Fund amounted to 13.6 trillion rubles ($177 bln). Its liquid part stood at 7.3% of GDP, or 9.73 trillion rubles ($116.5 bln), as of February 1.

As much as 38.561 bln euro, 4.178 bln pounds sterling, 600.304 bln Japanese yen, 226.702 bln Chinese yuan, 405,708 tonnes of gold in impersonalized form, and 142.1 bln rubles were deposited with the Bank of Russia. Moreover, 531.37 bln rubles were deposited with VEB.RF development bank.

Some $3 bln were invested in debentures of foreign states, 294.846 bln rubles and $2.363 bln were invested in securities of Russian issuers related to implementation of self-sustained infrastructure projects, and another 278.992 bln rubles - in preferred shares of credit organizations.

A total of 138.433 bln rubles were deposited with VTB and Gazprombank for financing self-sustained infrastructure projects, as well as 1.475 trillion rubles and 30.7 bln rubles were invested in ordinary shares of Sberbank and Aeroflot, respectively.

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