National Wealth Fund up 41.05 bln rubles in April to 11.792 trln rubles, liquid portion remains at 1.5% of GDP - Finance Ministry
MOSCOW. May 12 (Interfax) - The Russian National Wealth Fund (NWF) rose by 41.049 billion rubles in April after declining for the past two months, while the liquid portion remained unchanged at 1.5% of GDP.
The volume of the NWF as of May 1, 2025, amounted to 11.792 trillion rubles (equivalent to $144.575 billion) or 5.5% of the projected annual GDP, the Finance Ministry said on Wednesday.
As of April 1, it stood at 11.751 trillion rubles (equivalent to $140.422 billion), or 5.5% of GDP; as of March 1 - 11.881 trillion rubles (equivalent to $135.47 billion, 5.5% of GDP); as of February 1 - 11.966 trillion rubles (equivalent to $122.1 billion, 5.6% of GDP). The fund increased by 85.8 billion rubles in January.
Some 29.4 million rubles were credited to the federal budget's single account to co-finance the pension accruals of persons who paid additional contributions to funded pensions in April this year, compared with 171.7 million rubles in April 2024.
NWF accounts held 168.061 tonnes of unallocated gold as of May 1, compared with 168.271 tonnes at the start of April, 174.627 tonnes at the beginning of March, 178.996 tonnes at the beginning of February, 187.749 tonnes at the beginning of January, and 279.563 tonnes at the beginning of December. In addition to 58.96 tonnes of gold being used to finance the deficit in December, gold has been sold from the account as part of the management of the liquid portion, and the proceeds used to finance certain projects, the Finance Ministry said earlier.
NWF accounts held 164.597 billion yuan on May 1, up 209.6 million yuan from 164.388 billion yuan a month earlier. The Finance Ministry previously said that slight fluctuations in this amount were caused by the conversion of returned funds which had been invested in projects. Yuan holdings had fallen in previous months after being invested in "securities of other Russian issuers" and due to financing the budget deficit in December. The Finance Ministry disclosed information about investments in the yuan-denominated bonds of Russian issuers for the first time in July, saying 3 billion yuan had been invested in these bonds, while 2.75 billion yuan was invested in them in August, 2 billion yuan in September, 1.25 billion yuan in October and 1 billion yuan in November.
NWF accounts also contained 397.6 million rubles.
The NWF's liquid assets were the equivalent of 3.297 trillion rubles, or $40.421 billion, on May 1, corresponding to 1.5% of forecast GDP for the year. The assets totaled 3.269 trillion rubles, equivalent to $39.064 billion, or 1.5% of GDP, the previous month. The NWF's liquid assets were the equivalent of 3.751 trillion rubles, or $38.3 billion, on February 1, corresponding to 1.7% of GDP, and 3.81 trillion rubles, equivalent to $37.5 billion, or 2% of GDP, at the start of January.