The main part of the National Welfare Fund is spent: it is invested in the action of Sberbank and Aeroflot.
The National Welfare Fund (FNB) – the “Piggy Bank” of the ruling regime of the Russian Federation continues to dissolve. According to May, its size reduced from 11.8 to 11.7 trillion rubles. In fact, available funds are reduced further. This has been proven by the information of the Russian Ministry of Finance, reports of the Moscow Times.
The main component of the funds is spent: it is invested in Oschadbank and Aeroflot shares, companies bonds and veb deposits to supply infrastructure projects or support various companies and industries. They brought the FNB a small income – 485 billion rubles. Last year. Only the liquid part of the fund is available for this – gold, yuan and rubles. Their value for May has been reduced by 454 billion rubles. Up to 2.84 trillion rubles, or 36 billion dollars on June 1.
Both in rubles and dollars, it is at least in June 2019, when the available part of the So -called “Piggy Bank” has 2.14 trillion.
The main reason for the May’s liquid part of the FND is to invest in the high -speed Moscow railroad – St. Petersburg.
The funds put 300 billion rubles. In subordinated deposits in Oschadbank, VTB, Gazprombank and Radkombank to supply construction and purchase of trains.
For this purpose, the Ministry of Finance sells nearly 19 tons of gold and 10.9 billion Chinese yuan from FNB. Thus, the “gold reserve” of the fund was reduced to 139.5 tons, and Chinese currency reserves in government – up to 153.7 billion yuan.
Remember that a review of the foreign economic state of the Russian Federation, published by Ukraine’s Foreign Intelligence Service, suggests that Russia could lose a financial pillow in 2026 due to rapid reduction of oil revenues.
Russian and gas oil revenues fell 53% per month
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.