Fin Min converts part of National Wealth Fund into yens, yuans

MOSCOW, Feb 24 (PRIME) -- The Russian Finance Ministry has cut the U.S. dollar and euro share in the currency structure of the National Wealth Fund to 35% from 45%, raised the yen share to 5% from zero and the yuan share to 15% from zero, the ministry said in a statement on Wednesday.

"The Finance Ministry of Russia informs that in accordance with the government order… the Japanese yen and Chinese yuan were included in the currency structure of National Wealth Fund money with shares amounting to 5% and 15%," the ministry said.

The share of the British pound remained at 10%.

The changes were aimed at increasing the yield and diversification of investment risks from placement of National Wealth Fund money.

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