Returns on NWF investments in FX and gold total 0.14%, in rubles 8.44% in 2023

MOSCOW. April 19 (Interfax) - Returns on investing National Wealth Fund (NWF) assets on Bank of Russia accounts in permitted foreign currencies and gold totaled 0.14% per annum in 2023, and have totaled 1.04% since the NWF was established, the Finance Ministry said.

The returns were minus 0.05% and 1.1%, respectively, in 2022; minus 0.05% and plus 1.18%, respectively, in 2021; and plus 1.02% and 1.28%, respectively, in 2020.

Returns expressed in rubles were 8.44% in 2023, 13.39% since the start of the fund; minus 6.03% in 2022; minus 2.98% in 2021; and plus 13.73% since the start of the fund, 15.12% in 2021. Returns were 26.08% in 2020, 16.51% since the start of the fund.

The federal budget received revenues of 358.347 billion rubles in 2023 from NWF placements in authorized financial assets, nearly 7-fold more than revenues of 52.344 billion rubles for 2022; 257.293 billion rubles for 2021, and 345.337 billion rubles for 2020. Dividends from Sberbank ordinary shares provided 78.8% of all revenues at 282.337 billion rubles. Interest on foreign currency accounts with the Bank of Russia totaled 2.684 billion rubles. Overall revenues from investments in other financial assets, including dividends from Sberbank, totaled 355.663 billion rubles.