The Ministry of Finance (MinFin) has proposed removing the debt obligations of foreign governments and financial institutions from the list of assets in which the funds of the National Wealth Fund (NWF) can be placed. In this respect says in the draft resolution of the Russian government published on the federal portal of drafts of regulatory legal acts.
Among the allowed assets, it is proposed to hold foreign currency, deposits and balances in bank accounts with the Central Bank and Russian public debt in 2023. Also, according to the agency’s proposal, the list of eligible assets in which NWF funds can be placed should include shares of Russian bond issuers among those not involved in financing self-sustaining infrastructure projects on the government’s list.
February 26 Russian Ministry of Finance reportedThat the restrictions imposed by the European Union (EU) on the National Wealth Fund (NWF) will not affect the availability of funds for the Russian government. At the same time, the planned investments from the fund will be carried out in a planned manner.
25 February National Welfare Fund (NWF) hit In the 10th package of EU sanctions. After the tenth package came into force, a total of 1,473 individuals and 205 organizations found themselves under the EU’s anti-Russian restrictions.