Euro to be excluded from NWF in this year — Deputy Finance Minister

Business & Economy February 09, 2023, 17:20

It is reported that other currency assets are within the NWF structure but the Finance Ministry will "gradually align actual data with the standard structure"

MOSCOW, February 9. /TASS/. The euro share in the National Wealth Fund (NWF) will be set to zero in 2023, Russia’s Deputy Finance Minister Vladimir Kolychev told reporters.

"Concerning the question whether the euro is set to zero [in the NWF structure], it will be definitely zeroed this year. Rubles can be in NWF," Kolychev said.

Other currency assets are within the NWF structure but the Finance Ministry will "gradually align actual data with the standard structure," he added [according to the new approved standard NWF structure, the yuan can be up to 60% of currency funds and gold up to 40% - TASS].

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