Russia's NWF shrinks by 383.3 bln rubles to 12.72 trln rubles in July, liquid portion totals 1.6% of GDP

MOSCOW. Aug 10 (Interfax) - Russia's National Wealth Fund (NWF) declined by 383.3 billion rubles in July following growth of 148.9 billion rubles in June, according to data published on the website of the Finance Ministry.

The NWF totaled nearly 12.721 trillion rubles as on August 1, equivalent to $159.295 billion, or 5.4% of GDP, versus around 13.104 trillion rubles as on July 1, equivalent to $168.53 billion, or 5.6% of GDP.

The fund's liquid assets totaled 3.693 trillion rubles at the beginning of August, equivalent to $46.242 billion, or 1.6% of GDP forecast for 2026, versus 3.61 trillion rubles at the beginning of July, equivalent to $46.45 billion, or 1.5% of GDP.

The government transferred 100,000 rubles of NWF funds to a single federal budget account in July in order to co-finance the formation of pension savings for insured individuals that had paid additional insurance contributions for their respective funded pensions.

NWF funds totaling 1.632 billion rubles were converted into 158.9 kg of unallocated gold and funds totaling 529.7 million rubles were converted into 47.1 million Chinese yuan in July.

Yuan holdings decreased to 189.68 billion as on August 1 from 189.8 billion as on July 1, and the volume of unallocated gold rose to 141.242 tonnes from 141.1 tonnes the previous month.

Overall estimated income from placing NWF funds in foreign currency accounts with the Central Bank of Russia totaled $62.2 million, equivalent to 4.966 billion rubles, from December 15, 2025 to July 31, 2026.