The Russian Ministry of Finance announced that the restrictions imposed by the EU on the National Wealth Fund (NWF) will not affect the availability of funds by the Russian government, and planned investments will be made from the fund. DEA News.
“The new restrictions will not affect the availability of NWF funds for the government of the Russian Federation, all planned investments from the Fund will be carried out as planned,” the ministry said.
As previously reported, the European Union introduced Tenth package of sanctions against the Russian Federation. Within the scope of the tenth round of sanctions, the EU imposed restrictions on 87 natural persons and 34 legal entities. After the tenth package came into force, 1,473 individuals and 205 organizations are under EU sanctions against Russia. Also on the list were the National Wealth Fund (NWF), the All-Russian People’s Front (ONF), the Russian National Reinsurance Corporation (RNRC), the space research and production center named after MV. Khrunichev, media group “Russia Today”, media group “Patriot” and other organizations.