176:
also changed to recover the 2023 surplus that had been paid to the NWF, so that from late 2023 the central bank restarted dealing in currencies in the NWF, to sell the budget adjustment of 2023, where 11.8 billion rubles will be sold daily until 28 June 2024. Currencies would also be sold/bought for the expected 2024 budget adjustment based on a set $ 60 per barrel from oil sales, expected to account for an average of 0.8 billion rubles in sales per day. This will reduce both the fund value and the liquid assets by around 2.3 trillion rubles by the end of 2024. The 2024-6 budget expects the NWF to hold a reduced 11.1 trillion rubles at
January 2025 and 13.0 trillion at January 2026.
133:
93:
171:
Following the
Russian invasion of Ukraine in 2022 1 trillion rubles ($ 10 billion) was ordered to be invested by the NWF in shares from Russian companies to support the stock markets and aid Russian firms. In January 2023 changes were proposed to allow "anti-crisis" investments to be made, with a cap
267:
Previously holding liquid assets in US dollars, Euros, UK Pounds, Yen, Yuan and Gold, Russia began selling some
Sterling and all the US dollars in the summer of 2021, whilst buying Yuan to reach 30% and Euros to reach 40%, Sterling and Yen each at 5% and Gold 20% of the liquid fund value. After the
167:
The budget for 2022 set an oil price of $ 44.2 per barrel, with the NWF receiving money if the price was over the set price and selling assets to support the government budget if the price was lower. In 2023 this was changed to set an annual target of $ 8 trillion rubles revenues from oil and gas,
175:
For 2024, Russia changed the funding rules again, so that the NWF will not receive the expected 2024 11.5 trillion rubles of oil revenue, which will go directly to the
Russian budget instead, with just 1.8 trillion rubles projected to be being given to the National Wealth Fund in 2025. The rules
153:
In
October 2008 the National Wealth Fund was permitted to invest in shares on the Russian Stock market, to support the country’s financial markets by buying shares in Russian companies, until December 2009. Support was also provided from the NWF to Russian banks, making the NWF a “lender of last
280:
1 February 2022 ($ 177 billion) comprising: 38.56 billion euro (worth $ 41 billion), 4.17 billion pounds sterling (worth $ 5 billion), 600.30 billion
Japanese yen (worth $ 4 billion), 226.70 bln Chinese yuan (worth $ 30 billion), 405.70 tons of gold (worth $ 28 billion) and 142.1 billion rubles
223:
The NWF stands out from other global funds with it gathering investments into the national economy itself instead investing everything overseas, so it can provide a boost to the slow modernization of
Russian infrastructure in a time of otherwise anemic investment. Other countries like
284:
1 November 2023 ($ 146 billion) comprising: 3.66 billion euros (worth $ 4 billion), 279.77 billion
Chinese yuan (worth $ 37 billion), 508.26 tons of gold (worth $ 33 billion), and 261.8 million rubles (worth $ 0 billion) plus other non liquid unnamed assets (valued at $ 72 billion).
184:
The
National Wealth Fund will receive funds from investment returns and any excess funds from oil and gas revenues. The existence of the NWF helps with the credit rating for Russia, by providing a reserve to provide "resilience to short-term shocks".
288:
1 January 2024 ($ 133 billion) comprising: 227.33 bln
Chinese yuan (worth $ 31 billion), 358.96 tons of gold (worth $ 25 billion) and 1.514 bln ruble (worth $ 1 billion) plus other non liquid unnamed assets (valued at $ 76 billion).
316:
In 2022, with very high oil prices, additional funds would normally have been added to the Fund, however with the cost of the war with Ukraine, in October $ 16.2 billion was withdrawn from the $ 127.9 billion liquid portion of the
140:
The two funds were the Reserve Fund (SFRF), which was invested abroad in low-yield securities and used when oil and gas incomes fall, and the National Wealth Fund, which invests in riskier, higher return vehicles, as well as
272:, Russia then decided to close the Euro holdings aiming to achieve this before the end of 2023 in favour of Chinese yuan, which would be limited to 60% of the fund value, with gold limited to 40% of the liquid fund value.
145:
expenditures. The Reserve Fund was given $ 125 billion and the National Wealth Fund (NWF) was given $ 32 billion. The Reserve fund was exhausted by 2017. The Reserve fund had been depleted by budget deficits and the low
228:
are following the Russian example in running a National Wealth Fund it is reported in 2020. Of course, because of a lack of a real "hard currency" reserve, the fund can quickly lose value in a case of internal crisis.
2344:
2264:
2172:
168:
anything below that seeing funds being taken from the NWF to support the budget, anything above being added to the NWF. As it turned out, the revenue in 2023 was 8.8 trillion rubles.
1815:
172:
of 4.25 trillion rubles ($ 61.24 billion) on these investments, irrespective of liquidity levels in the Fund which at that date stood at $ 87.2 billion, or 4.6% of GDP.
264:
Funds comprise liquid assets and long term investments. In December 2022 long term investments stood at 4.3 trillion rubles, with liquid assets at 6.1 trillion rubles.
164:
Once the NWF's liquid assets exceeds 7% of GDP, the Government can spend money from the NWF, as it proposed to do in 2020 in order to fund infrastructure projects .
1424:
246:
Starting from 2024, the NWF will invest $ 3.2 billion in an $ 11.2b project to build 600 civilian aircraft which will be sold to airlines at a below cost price.
2304:
302:+ agreement to increase oil prices resulted in Russia receiving a high level of revenues, allowing 4.04 trillion rubles ($ 65.1 billion) to be added to the NWF.
2236:
1406:
1243:
150:
The SFRF was emptied by the end of 2017 and therefore ceased to exist, leaving the National Wealth Fund as the sole reserve fund of the Russian Federation.
1438:
1593:
96:
National Wealth Fund, 2008–2017, with the blue line showing the nominal value in billion USD and the amber line showing the nominal value in billion RUB
2218:
1978:
1309:
2250:
2200:
2186:
309:
effects on the economy the NWF values increased by 50%, helped by high oil prices, a surplus in the Russian budget in 2019 and an investment in
1757:
1621:
2349:
1526:
121:
1452:
324:
required $ 38.1 billion to be withdrawn, with further withdrawals expected in 2023 as a result of the continuing sanctions over crude oil.
1950:
321:
1704:
1480:
2151:
1393:"The Russian Federation Is Introducing A Mechanism For Transferring Excess Profits From The Oil And Gas Industry To The Budget"
209:
1352:
327:
Russia sold 2.9 trillion roubles ($ 32 billion) of liquid assets in December 2023, to cover the planned budget deficit.
1993:
1844:"Russia's National Wealth Fund increased by 582 bln rubles in Oct to 11.37 trln rubles, liquid part at 5.9% of GDP"
136:
The rainy-day Reserve Fund is used to buffer the national budget, which is strongly tied to the price of crude oil
2339:
1857:
1272:
2119:
1816:"The volume of the Russian National Wealth Fund tops $ 183.93bn as gold overtakes dollar asset for first time"
337:
2036:"Russia's National Wealth Fund down 55.3 bln rubles to 13.65 trln rubles in Sept, liquid assets 4.8% of GDP"
1323:
255:
205:
320:
In 2023, the budget deficit in December 2022 of 3.8 trillion rubles (€49.4 billion) and the effect of the
2324:
2022:"Russia's National Wealth Fund up 390 bln rubles to 13.704 trln rubles in Aug, liquid assets 4.8% of GDP"
269:
189:
2329:
1925:
1900:
1875:
1371:
2334:
1718:
213:
142:
201:
2290:
2173:"Russia to Spend up to $ 10 Billion From Rainy-Day Fund on Buying Russian Shares, Source Says"
1407:"Russia to spend up to $ 10 billion from rainy-day fund on buying Russian shares, source says"
1296:"Russia's Russia's National Wealth Fund totals $ 130 bln as of February 1 — Finance Ministry"
117:
40:
2120:"Volume of Russia's National Wealth Fund reaches $ 146.96 bln on July 1 — Finance Ministry"
2078:"Volume of National Wealth Fund reaches $ 135.7 bln as of April 1, 7% of 2024 GDP forecast"
2050:"Russia's National Wealth Fund totals around $ 150 bln as of December 1 — finance ministry"
1252:
on Russian banks, individuals and companies. On February 22, 2022, United States President
1830:"Russian National Wealth Fund up almost $ 23 bln in July to over $ 200 bln, ministry says"
1566:"Russia to invest $ 9.7 bln in 2023 prices in project to build over 600 civilian aircraft"
8:
1791:
1608:"Russia to convert around $ 40 bln from National Wealth Fund, says Accounts Chamber head"
1510:
Ukraine to issue Eurobonds; Russia will purchase $ 15 bln, says Russian finance minister
1249:
1509:
161:
system, but since the closure of the Reserve Fund the NWF also funds budget deficits.
2265:"Fact Sheet: United States Imposes First Tranche of Swift and Severe Costs on Russia"
1263:
Assets in June 2023 include €9 billion that is frozen in foreign banks by sanctions.
132:
2305:"Russia sells gold and yuan from its National Wealth Fund to finance budget deficit"
2035:
2021:
1843:
1677:"Russia's National Wealth Fund totals $ 135 bln as of January 1 — finance ministry"
1513:
1493:
1466:
105:
71:
1481:"Russia: This annex refers to the release of the rating action of 29 October 2021"
1439:"Russia to make extra $ 17.7 bln in energy revenues available to budget next year"
261:
Expenses of the NWF are limited in 2023-2025 to 8 trillion rubles ($ 114 billion)
2092:"Russia's National Wealth Fund totals $ 139.6 bln as of May 1 — finance ministry"
2064:"Russia's National Wealth Fund totals $ 135 bln as of March 1 — finance ministry"
1357:
1256:
announced new restrictions on activities involving the National Wealth Fund. The
1639:"Russian National Wealth Fund down by $ 6.8 bln in February 2022, says ministry"
1965:"Russia's National Wealth Fund totals $ 162 bln as of May 1 — finance ministry"
1580:"Russia to replenish National Wealth Fund in yuan from 2023 — Finance Ministry"
1392:
2318:
1691:"Effect from OPEC+ deal was main cause of NWF doubling in 2019 — wealth fund"
1116:
197:
193:
1858:"Russia's National Wealth Fund at $ 148 billion at Jan 1 - Finance Ministry"
2219:"Russia's National Wealth Fund up $ 7 bln to $ 154.5 bln in March - finmin"
1951:"Russia's National Wealth Fund up $ 7 bn to $ 154.5 bln - finance ministry"
1324:"Sovereign Wealth Funds as domestic investors of last resort during crises"
147:
2138:"Russia's National Wealth Fund reaches around $ 142.58 bln as of August 1"
1705:"Russia's relative resilience: Why Putin feels vindicated by the pandemic"
1248:
Following the 2022 Russian invasion of Ukraine, several countries imposed
1425:"Russia Eyes End to Liquidity Caps on Wealth Fund 'Anti-Crisis' Spending"
1372:"Russia proposes $ 15.7 bln spend from National Wealth Fund in 2020-2022"
2106:"Russia's National Wealth Fund totals $ 142 bln as of June 1 — ministry"
2201:"Russia rainy day fund shrinks by $ 38 bln as government plugs deficit"
1540:
1656:"Volume of National Wealth Fund reaches $ 146.31 bln as of November 1"
2345:
Russian entities subject to U.S. Department of the Treasury sanctions
2008:"NWF stands at $ 146.3 bln as of August 1 — Russian Finance Ministry"
1253:
233:
225:
2137:
2123:
2105:
2091:
2077:
2063:
2049:
2007:
1964:
1829:
1690:
1676:
1655:
1638:
1607:
1579:
1565:
1497:
1353:
Ukraine bailout could derail Putin's drive to boost Russian economy
1295:
310:
306:
240:
281:(worth $ 2 billion) with $ 67 billion of other non liquid assets.
157:
One of the fund's main responsibilities is to support the Russian
2251:"Russia splashes $ 12 billion to keep aviation sector in the air"
217:
158:
124:
was split into two separate investment funds on 30 January 2008.
313:. NWF purchased 50% +1 shares in 2020 for 2.14 trillion rubles.
292:
192:, the foreign debt securities the fund can invest in must have
113:
92:
1979:"Russia National Wealth Fund edges down to $ 153bln on June 1"
1594:"Russian economy in 2022. Adaptation and a growing budget gap"
56:
2187:"Russia raids wealth fund to cover country's budget deficit"
299:
1117:
Major reductions in the National Wealth Fund liquid assets
1527:"Yamal LNG: an economic project under political pressure"
1792:"RUSSIAN ECONOMY IN 2019 TRENDS AND OUTLOOKS (Issue 41)"
1453:"Russian Central Bank To Resume Currency Trades in 2024"
1260:
adopted sanctions in its 10th package in February 2023.
331:
1257:
1244:
International sanctions during the Russo-Ukrainian War
1467:"State Duma passes Russia's 2024-2026 federal budget"
2291:"EU adopts 10th package of sanctions against Russia"
1926:"Russia | National Wealth Fund: Total Amount | CEIC"
1901:"Russia | National Wealth Fund: Total Amount | CEIC"
1876:"Russia | National Wealth Fund: Total Amount | CEIC"
1991:
232:In 2016 the NWF had invested $ 2.6 billion in the
1622:"Russia to remove euro from National Wealth Fund"
1216:to support airlines and purchase leased aircraft
2316:
1348:
1346:
1344:
1342:
1340:
16:Sovereign wealth fund of the Russian Federation
254:The National Wealth fund is controlled by the
298:In the second half of 2019, the effect of an
1487:
1337:
293:Major changes in National Wealth Fund values
122:Stabilization Fund of the Russian Federation
1752:
1750:
1748:
1786:
1784:
1782:
1780:
1778:
1776:
1774:
1746:
1744:
1742:
1740:
1738:
1736:
1734:
1732:
1730:
1728:
1503:
322:2022 Russian crude oil price cap sanctions
2070:
1650:
1648:
1290:
1288:
2098:
1758:"Ministry of Finance Russia, STATISTICS"
1671:
1669:
1667:
1665:
1633:
1631:
1494:Russia cuts Ukraine gas price by a third
1387:
1385:
210:fund agreed to buy (on 17 December 2013)
131:
110:Фонд национального благосостояния России
91:
32:Фонд национального благосостояния России
2084:
2056:
1771:
1725:
239:In 2020 the NWF bought 50% +1 share in
2317:
1645:
1285:
220:had lower credit ratings at the time.
1662:
1628:
1382:
332:Size of the fund and historic numbers
2350:Government-owned companies of Russia
1994:"Volume of the National Wealth Fund"
1992:Ministry of Finance (20 July 2023).
1541:"Сбербанк могут продать без закона"
275:
127:
13:
2152:"BETTER ARMED TO HANDLE THE SHOCK"
1138:
1108:
368:
14:
2361:
249:
62:$ 130.8 bn (February 2024)
2297:
2283:
2257:
2243:
2229:
2211:
2193:
2179:
2165:
2144:
2130:
2112:
2042:
2028:
2014:
2000:
1985:
1971:
1957:
1943:
1918:
1893:
1868:
1850:
1836:
1822:
1808:
1711:
1697:
1683:
1614:
1600:
1586:
1572:
1558:
1533:
1519:
1473:
1459:
1445:
1431:
1417:
1399:
1364:
1316:
1302:
1273:Russian Direct Investment Fund
1164:to buy Russian company shares
1:
1278:
338:Ministry of Finance of Russia
1237:
243:from Russia's Central Bank.
102:Russian National Wealth Fund
22:Russian National Wealth Fund
7:
1266:
1225:
1212:
1199:
1186:
1173:
1160:
1147:
346:National Wealth Fund value
190:Russian Ministry of Finance
179:
120:. It was created after the
10:
2366:
1241:
212:$ 15 billion of Ukrainian
1134:
1131:
1128:
1123:
362:
359:
356:
353:
350:
345:
109:
66:
54:
46:
36:
26:
1229:to cover budget deficit
1203:to cover budget deficit
1190:to cover budget deficit
1177:to cover budget deficit
1151:to cover budget deficit
216:, despite the fact that
204:, or a rating of Aa3 by
1310:"Reserve Fund runs dry"
270:its invasion of Ukraine
2340:Sovereign wealth funds
137:
97:
202:Standard & Poor's
135:
118:sovereign wealth fund
95:
41:Sovereign wealth fund
1719:"War unbudgeted for"
1441:. 25 September 2023.
208:. Despite this, the
196:of AA− or higher by
2253:. 21 December 2023.
2239:. 28 December 2023.
2052:. 12 December 2023.
2024:. 6 September 2023.
1707:. 17 December 2020.
1596:. 16 February 2023.
1582:. 27 December 2022.
1469:. 17 November 2023.
1455:. 27 November 2023.
1298:. 12 February 2024.
256:Ministry of Finance
154:resort” to banks.
82:/nationalwealthfund
23:
2325:Politics of Russia
2271:. 22 February 2022
2237:"European economy"
2207:. 18 January 2023.
2189:. 20 October 2022.
1864:. 19 January 2023.
1846:. 8 November 2022.
1818:. 15 January 2021.
1721:. 29 January 2023.
1693:. 22 January 2020.
1679:. 17 January 2024.
1658:. 3 November 2023.
1624:. 9 February 2023.
1568:. 15 January 2024.
1545:Газета Коммерсантъ
1516:(17 December 2013)
1500:(17 December 2013)
1483:. 29 October 2021.
1427:. 26 January 2023.
1395:. 11 January 2024.
1378:. 2 December 2019.
1361:(18 December 2013)
1312:. 29 January 2018.
1250:economic sanctions
138:
98:
21:
2330:Economy of Russia
2038:. 5 October 2023.
1235:
1234:
1114:
1113:
863:1 September 2023
305:In 2020, despite
188:According to the
90:
89:
2357:
2335:Energy in Russia
2309:
2308:
2301:
2295:
2294:
2293:. 20 March 2023.
2287:
2281:
2280:
2278:
2276:
2261:
2255:
2254:
2247:
2241:
2240:
2233:
2227:
2226:
2215:
2209:
2208:
2197:
2191:
2190:
2183:
2177:
2176:
2169:
2163:
2162:
2160:
2158:
2148:
2142:
2141:
2134:
2128:
2127:
2122:. Archived from
2116:
2110:
2109:
2102:
2096:
2095:
2088:
2082:
2081:
2074:
2068:
2067:
2066:. 10 March 2024.
2060:
2054:
2053:
2046:
2040:
2039:
2032:
2026:
2025:
2018:
2012:
2011:
2010:. 4 August 2023.
2004:
1998:
1997:
1989:
1983:
1982:
1975:
1969:
1968:
1961:
1955:
1954:
1947:
1941:
1940:
1938:
1936:
1930:www.ceicdata.com
1922:
1916:
1915:
1913:
1911:
1905:www.ceicdata.com
1897:
1891:
1890:
1888:
1886:
1880:www.ceicdata.com
1872:
1866:
1865:
1854:
1848:
1847:
1840:
1834:
1833:
1832:. 8 August 2022.
1826:
1820:
1819:
1812:
1806:
1805:
1803:
1801:
1796:
1788:
1769:
1768:
1766:
1764:
1754:
1723:
1722:
1715:
1709:
1708:
1701:
1695:
1694:
1687:
1681:
1680:
1673:
1660:
1659:
1652:
1643:
1642:
1641:. 24 March 2022.
1635:
1626:
1625:
1618:
1612:
1611:
1604:
1598:
1597:
1590:
1584:
1583:
1576:
1570:
1569:
1562:
1556:
1555:
1553:
1551:
1537:
1531:
1530:
1529:. 4 August 2016.
1523:
1517:
1514:Interfax-Ukraine
1507:
1501:
1491:
1485:
1484:
1477:
1471:
1470:
1463:
1457:
1456:
1449:
1443:
1442:
1435:
1429:
1428:
1421:
1415:
1414:
1403:
1397:
1396:
1389:
1380:
1379:
1368:
1362:
1350:
1335:
1334:
1332:
1330:
1320:
1314:
1313:
1306:
1300:
1299:
1292:
1140:
1121:
1120:
1110:
958:1 February 2024
920:1 December 2023
901:1 November 2023
732:1 February 2023
658:1 February 2022
640:1 November 2021
375:1 February 2008
370:
343:
342:
276:Fund composition
128:Fund development
111:
86:
83:
81:
79:
77:
75:
73:
59:
24:
20:
2365:
2364:
2360:
2359:
2358:
2356:
2355:
2354:
2315:
2314:
2313:
2312:
2303:
2302:
2298:
2289:
2288:
2284:
2274:
2272:
2269:The White House
2263:
2262:
2258:
2249:
2248:
2244:
2235:
2234:
2230:
2225:. 5 April 2023.
2217:
2216:
2212:
2199:
2198:
2194:
2185:
2184:
2180:
2175:. 1 March 2022.
2171:
2170:
2166:
2156:
2154:
2150:
2149:
2145:
2136:
2135:
2131:
2126:on 4 July 2024.
2118:
2117:
2113:
2104:
2103:
2099:
2090:
2089:
2085:
2076:
2075:
2071:
2062:
2061:
2057:
2048:
2047:
2043:
2034:
2033:
2029:
2020:
2019:
2015:
2006:
2005:
2001:
1990:
1986:
1977:
1976:
1972:
1963:
1962:
1958:
1953:. 5 April 2023.
1949:
1948:
1944:
1934:
1932:
1924:
1923:
1919:
1909:
1907:
1899:
1898:
1894:
1884:
1882:
1874:
1873:
1869:
1856:
1855:
1851:
1842:
1841:
1837:
1828:
1827:
1823:
1814:
1813:
1809:
1799:
1797:
1794:
1790:
1789:
1772:
1762:
1760:
1756:
1755:
1726:
1717:
1716:
1712:
1703:
1702:
1698:
1689:
1688:
1684:
1675:
1674:
1663:
1654:
1653:
1646:
1637:
1636:
1629:
1620:
1619:
1615:
1610:. 10 June 2021.
1606:
1605:
1601:
1592:
1591:
1587:
1578:
1577:
1573:
1564:
1563:
1559:
1549:
1547:
1539:
1538:
1534:
1525:
1524:
1520:
1508:
1504:
1492:
1488:
1479:
1478:
1474:
1465:
1464:
1460:
1451:
1450:
1446:
1437:
1436:
1432:
1423:
1422:
1418:
1413:. 1 March 2022.
1405:
1404:
1400:
1391:
1390:
1383:
1370:
1369:
1365:
1358:Financial Times
1351:
1338:
1328:
1326:
1322:
1321:
1317:
1308:
1307:
1303:
1294:
1293:
1286:
1281:
1269:
1246:
1240:
1132:billions of $
1119:
1104:
1094:billions of $
939:1 January 2024
882:1 October 2023
714:1 January 2023
695:1 October 2022
621:1 January 2021
603:1 January 2020
584:1 January 2019
565:1 January 2018
546:1 January 2017
527:1 January 2016
508:1 January 2015
489:1 January 2014
470:1 January 2013
451:1 January 2012
432:1 January 2011
413:1 January 2010
394:1 January 2009
364:
354:billions of $
334:
295:
278:
252:
182:
130:
70:
55:
29:
17:
12:
11:
5:
2363:
2353:
2352:
2347:
2342:
2337:
2332:
2327:
2311:
2310:
2307:. 5 June 2023.
2296:
2282:
2256:
2242:
2228:
2210:
2192:
2178:
2164:
2143:
2129:
2111:
2108:. 6 June 2024.
2097:
2094:. 6 June 2024.
2083:
2080:. 6 June 2024.
2069:
2055:
2041:
2027:
2013:
1999:
1984:
1981:. 2 June 2023.
1970:
1956:
1942:
1917:
1892:
1867:
1849:
1835:
1821:
1807:
1770:
1724:
1710:
1696:
1682:
1661:
1644:
1627:
1613:
1599:
1585:
1571:
1557:
1532:
1518:
1502:
1486:
1472:
1458:
1444:
1430:
1416:
1398:
1381:
1363:
1336:
1315:
1301:
1283:
1282:
1280:
1277:
1276:
1275:
1268:
1265:
1242:Main article:
1239:
1236:
1233:
1232:
1230:
1227:
1224:
1223:December 2023
1220:
1219:
1217:
1214:
1211:
1207:
1206:
1204:
1201:
1198:
1194:
1193:
1191:
1188:
1185:
1181:
1180:
1178:
1175:
1172:
1168:
1167:
1165:
1162:
1159:
1155:
1154:
1152:
1149:
1146:
1142:
1141:
1136:
1133:
1130:
1126:
1125:
1118:
1115:
1112:
1111:
1106:
1101:
1098:
1097:billions of ₽
1095:
1092:
1088:
1087:
1085:
1082:
1079:
1076:
1073:
1072:1 August 2024
1069:
1068:
1066:
1063:
1060:
1057:
1054:
1050:
1049:
1047:
1044:
1041:
1038:
1035:
1031:
1030:
1028:
1025:
1022:
1019:
1016:
1012:
1011:
1009:
1006:
1003:
1000:
997:
993:
992:
990:
987:
984:
981:
978:
974:
973:
971:
968:
965:
962:
959:
955:
954:
952:
949:
946:
943:
940:
936:
935:
933:
930:
927:
924:
921:
917:
916:
914:
911:
908:
905:
902:
898:
897:
895:
892:
889:
886:
883:
879:
878:
876:
873:
870:
867:
864:
860:
859:
857:
854:
851:
848:
845:
844:1 August 2023
841:
840:
838:
836:
833:
830:
827:
823:
822:
820:
817:
814:
811:
808:
804:
803:
801:
798:
795:
792:
789:
785:
784:
782:
779:
776:
773:
770:
766:
765:
763:
760:
757:
754:
751:
747:
746:
744:
742:
739:
736:
733:
729:
728:
726:
724:
721:
718:
715:
711:
710:
708:
705:
702:
699:
696:
692:
691:
689:
687:
684:
681:
678:
677:1 August 2022
674:
673:
671:
668:
665:
662:
659:
655:
654:
652:
650:
647:
644:
641:
637:
636:
634:
631:
628:
625:
622:
618:
617:
615:
613:
610:
607:
604:
600:
599:
597:
594:
591:
588:
585:
581:
580:
578:
575:
572:
569:
566:
562:
561:
559:
556:
553:
550:
547:
543:
542:
540:
537:
534:
531:
528:
524:
523:
521:
518:
515:
512:
509:
505:
504:
502:
499:
496:
493:
490:
486:
485:
483:
480:
477:
474:
471:
467:
466:
464:
461:
458:
455:
452:
448:
447:
445:
442:
439:
436:
433:
429:
428:
426:
423:
420:
417:
414:
410:
409:
407:
404:
401:
398:
395:
391:
390:
388:
385:
382:
379:
376:
372:
371:
366:
361:
358:
357:billions of ₽
355:
352:
348:
347:
336:Source by the
333:
330:
329:
328:
325:
318:
314:
303:
294:
291:
277:
274:
251:
250:Administration
248:
194:credit ratings
181:
178:
143:federal budget
129:
126:
88:
87:
68:
64:
63:
60:
52:
51:
48:
44:
43:
38:
34:
33:
30:
27:
15:
9:
6:
4:
3:
2:
2362:
2351:
2348:
2346:
2343:
2341:
2338:
2336:
2333:
2331:
2328:
2326:
2323:
2322:
2320:
2306:
2300:
2292:
2286:
2270:
2266:
2260:
2252:
2246:
2238:
2232:
2224:
2220:
2214:
2206:
2202:
2196:
2188:
2182:
2174:
2168:
2153:
2147:
2139:
2133:
2125:
2121:
2115:
2107:
2101:
2093:
2087:
2079:
2073:
2065:
2059:
2051:
2045:
2037:
2031:
2023:
2017:
2009:
2003:
1995:
1988:
1980:
1974:
1967:. 5 May 2023.
1966:
1960:
1952:
1946:
1931:
1927:
1921:
1906:
1902:
1896:
1881:
1877:
1871:
1863:
1859:
1853:
1845:
1839:
1831:
1825:
1817:
1811:
1793:
1787:
1785:
1783:
1781:
1779:
1777:
1775:
1759:
1753:
1751:
1749:
1747:
1745:
1743:
1741:
1739:
1737:
1735:
1733:
1731:
1729:
1720:
1714:
1706:
1700:
1692:
1686:
1678:
1672:
1670:
1668:
1666:
1657:
1651:
1649:
1640:
1634:
1632:
1623:
1617:
1609:
1603:
1595:
1589:
1581:
1575:
1567:
1561:
1546:
1542:
1536:
1528:
1522:
1515:
1511:
1506:
1499:
1495:
1490:
1482:
1476:
1468:
1462:
1454:
1448:
1440:
1434:
1426:
1420:
1412:
1408:
1402:
1394:
1388:
1386:
1377:
1373:
1367:
1360:
1359:
1354:
1349:
1347:
1345:
1343:
1341:
1325:
1319:
1311:
1305:
1297:
1291:
1289:
1284:
1274:
1271:
1270:
1264:
1261:
1259:
1255:
1251:
1245:
1231:
1228:
1222:
1221:
1218:
1215:
1210:Through 2023
1209:
1208:
1205:
1202:
1196:
1195:
1192:
1189:
1184:January 2023
1183:
1182:
1179:
1176:
1171:October 2022
1170:
1169:
1166:
1163:
1157:
1156:
1153:
1150:
1144:
1143:
1137:
1127:
1122:
1107:
1102:
1099:
1096:
1093:
1090:
1089:
1086:
1083:
1080:
1077:
1074:
1071:
1070:
1067:
1064:
1061:
1058:
1055:
1052:
1051:
1048:
1045:
1042:
1039:
1036:
1033:
1032:
1029:
1026:
1023:
1020:
1017:
1014:
1013:
1010:
1007:
1004:
1001:
998:
996:1 April 2024
995:
994:
991:
988:
985:
982:
979:
977:1 March 2024
976:
975:
972:
969:
966:
963:
960:
957:
956:
953:
950:
947:
944:
941:
938:
937:
934:
931:
928:
925:
922:
919:
918:
915:
912:
909:
906:
903:
900:
899:
896:
893:
890:
887:
884:
881:
880:
877:
874:
871:
868:
865:
862:
861:
858:
855:
852:
849:
846:
843:
842:
839:
837:
834:
831:
828:
825:
824:
821:
818:
815:
812:
809:
806:
805:
802:
799:
796:
793:
790:
787:
786:
783:
780:
777:
774:
771:
769:1 April 2023
768:
767:
764:
761:
758:
755:
752:
750:1 March 2023
749:
748:
745:
743:
740:
737:
734:
731:
730:
727:
725:
722:
719:
716:
713:
712:
709:
706:
703:
700:
697:
694:
693:
690:
688:
685:
682:
679:
676:
675:
672:
669:
666:
663:
660:
657:
656:
653:
651:
648:
645:
642:
639:
638:
635:
632:
629:
626:
623:
620:
619:
616:
614:
611:
608:
605:
602:
601:
598:
595:
592:
589:
586:
583:
582:
579:
576:
573:
570:
567:
564:
563:
560:
557:
554:
551:
548:
545:
544:
541:
538:
535:
532:
529:
526:
525:
522:
519:
516:
513:
510:
507:
506:
503:
500:
497:
494:
491:
488:
487:
484:
481:
478:
475:
472:
469:
468:
465:
462:
459:
456:
453:
450:
449:
446:
443:
440:
437:
434:
431:
430:
427:
424:
421:
418:
415:
412:
411:
408:
405:
402:
399:
396:
393:
392:
389:
386:
383:
380:
377:
374:
373:
367:
349:
344:
341:
339:
326:
323:
319:
315:
312:
308:
304:
301:
297:
296:
290:
286:
282:
273:
271:
265:
262:
259:
257:
247:
244:
242:
237:
235:
230:
227:
221:
219:
215:
211:
207:
203:
199:
195:
191:
186:
177:
173:
169:
165:
162:
160:
155:
151:
149:
144:
134:
125:
123:
119:
115:
107:
103:
94:
85:
69:
65:
61:
58:
53:
49:
45:
42:
39:
35:
31:
25:
19:
2299:
2285:
2273:. Retrieved
2268:
2259:
2245:
2231:
2222:
2213:
2204:
2195:
2181:
2167:
2155:. Retrieved
2146:
2132:
2124:the original
2114:
2100:
2086:
2072:
2058:
2044:
2030:
2016:
2002:
1987:
1973:
1959:
1945:
1933:. Retrieved
1929:
1920:
1908:. Retrieved
1904:
1895:
1883:. Retrieved
1879:
1870:
1861:
1852:
1838:
1824:
1810:
1798:. Retrieved
1761:. Retrieved
1713:
1699:
1685:
1616:
1602:
1588:
1574:
1560:
1548:. Retrieved
1544:
1535:
1521:
1505:
1489:
1475:
1461:
1447:
1433:
1419:
1410:
1401:
1375:
1366:
1356:
1327:. Retrieved
1318:
1304:
1262:
1247:
1124:Withdrawals
1053:1 July 2024
1034:1 June 2024
826:1 July 2023
807:1 June 2023
335:
287:
283:
279:
266:
263:
260:
253:
245:
238:
231:
222:
187:
183:
174:
170:
166:
163:
156:
152:
139:
101:
99:
57:Total assets
18:
2275:23 February
1763:25 December
1550:11 November
1197:March 2023
1158:March 2022
1015:1 May 2024
788:1 May 2023
148:oil prices.
28:Native name
2319:Categories
1279:References
1145:June 2020
1105:assets ₽b
365:assets ₽b
1254:Joe Biden
1238:Sanctions
1100:% of GDP
1078:12 300.0
1059:12 600.0
1040:12 700.0
1021:12 750.0
1002:12 530.0
983:12 258.0
964:11 922.0
945:11 965.0
926:13 432.9
907:13 541.0
888:13 648.0
869:13 704.0
850:13 313.0
832:12 670.2
813:12 356.7
794:12 475.6
775:12 281.9
756:11 106.4
738:10 807.6
720:10 434.5
701:10 792.0
683:12 155.0
664:13 610.2
646:13 945.0
627:13 545.6
360:% of GDP
268:start of
234:Yamal LNG
226:Indonesia
214:Eurobonds
2157:13 April
1935:18 March
1910:18 March
1885:18 March
1862:euronews
1800:14 April
1498:BBC News
1329:13 April
1267:See also
1075:142.580
1056:146.960
1037:142.000
1018:139.600
999:135.700
980:135.000
961:130.800
942:133.407
923:151.129
904:146.310
885:140.106
866:142.800
847:146.300
829:145.580
810:153.100
791:162.000
772:154.500
753:147.200
735:155.300
717:148.400
698:187.900
680:201.000
661:174.900
643:197.750
624:183.360
609:7 773.0
606:125.560
590:4 036.0
571:3 752.9
552:4 359.1
533:5 227.1
514:4 388.0
495:2 900.6
476:2 690.6
457:2 794.4
438:2 695.5
419:2 769.0
400:2 584.4
311:Sberbank
307:COVID-19
241:Sberbank
236:plant.
180:Overview
37:Industry
2223:Reuters
2205:Reuters
1411:Reuters
1376:Reuters
1135:reason
1103:liquid
587:58.100
568:65.150
549:71.870
530:71.720
511:78.000
492:88.630
473:88.590
454:86.790
435:88.440
416:91.560
397:87.970
378:32.000
363:liquid
218:Ukraine
206:Moody's
159:pension
106:Russian
67:Website
47:Founded
1084:4 665
1065:4 603
1046:5 046
1027:5 172
1008:5 088
989:5 045
970:4 900
951:5 010
932:6 740
913:6 930
894:7 140
875:7 252
856:7 183
819:6 640
800:6 820
781:6 710
762:6 450
707:7 873
670:9 730
667:10.2%
649:12.1%
633:8 659
630:11.7%
596:4 036
577:3 752
558:4 359
539:5 227
520:4 388
501:2 900
482:2 690
463:2 794
444:2 695
425:2 769
406:2 584
381:783.3
114:Russia
72:minfin
1795:(PDF)
1226:32.9
1213:12.0
1187:38.1
1174:16.2
1161:10.0
1148:12.5
1129:Date
1091:Date
1081:6.4%
1062:7.0%
1043:7.1%
1024:7.1%
1005:7.0%
986:6.8%
967:6.6%
948:8.0%
929:9.0%
910:9.0%
891:9.1%
872:9.1%
853:8.9%
835:8.4%
816:8.2%
797:8.3%
778:7.9%
759:7.4%
741:7.2%
723:7.8%
704:8.1%
686:9.1%
612:7.3%
593:3.7%
574:3.6%
555:4.7%
536:6.1%
517:5.3%
498:4.0%
479:4.0%
460:4.6%
441:5.8%
422:7.1%
403:6.3%
384:1.9%
351:Date
198:Fitch
112:) is
2277:2022
2159:2023
1937:2023
1912:2023
1887:2023
1802:2023
1765:2019
1552:2015
1331:2023
1200:7.0
1139:Ref.
1109:Ref.
387:783
369:Ref.
317:NWF.
300:OPEC
100:The
80:/key
74:.gov
50:2008
200:or
116:'s
78:/en
76:.ru
2321::
2267:.
2221:.
2203:.
1928:.
1903:.
1878:.
1860:.
1773:^
1727:^
1664:^
1647:^
1630:^
1543:.
1512:,
1496:,
1409:.
1384:^
1374:.
1355:,
1339:^
1287:^
1258:EU
340::
258:.
108::
2279:.
2161:.
2140:.
1996:.
1939:.
1914:.
1889:.
1804:.
1767:.
1554:.
1333:.
104:(
84:/
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
