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Russia’s National Wealth Fund almost doubled in 2019 — Finance Ministry

The total volume of NWF reached $126.2 bln

MOSCOW, January 20. /TASS/. The volume of Russia’s National Wealth Fund (NWF) increased by 1.9 times - up to 7.773 trillion rubles ($126.2 bln). This is according to the documents published on the website of the Finance Ministry.

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The ministry notes that as of January 1, 2019, the total volume of NWF in ruble terms amounted to 4.036 trillion rubles ($65.5 bln).

Earlier, the Finance Ministry reported that during December of 2019 the volume of NWF decreased by 2.18%.

Russia’s budget is based on the price of Urals oil blend for 2020, which was set in the fiscal rule ($42.4 per barrel). Additional revenues from oil sales above this level will go to the National Wealth Fund (NWF).

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