Russian Finance MinistryAffirms NWF Funds Remain Accessible Despite EU Sanctions
The Russian Ministry of Finance stated that the restrictions imposed by the European Union on the National Wealth Fund (NWF) would not limit the government’s ability to access funds, and that planned investments would proceed using the fund. This assurance came as part of ongoing explanations about how Moscow intends to manage finances under the pressure of Western sanctions. The ministry emphasized that the NWF’s liquidity remains intact and that scheduled expenditures and projects tied to the fund will move forward as planned, ensuring continuity in financial operations at the national level. [Source: DEA News]
In the broader context, the EU’s latest package of measures targeted a wider circle of entities and individuals connected to Russia. The tenth round of sanctions added 87 individuals and 34 legal entities to the bloc’s restrictive measures. Once activated, the package increased the roster of sanctioned persons to more than one thousand four hundred seventy-three individuals and two hundred five organizations. Among those listed were the National Wealth Fund, the All-Russian People’s Front, the Russian National Reinsurance Company, a major space research and production hub named after MV Khrunichev, and prominent media groups, including Russia Today and Patriot, among others. The government in Moscow has stated that the sanctioned accounts and assets will not disrupt essential public finance operations or long-term investment plans tied to the NWF and other state instruments. [Source: DEA News]