Ministry: National Wealth Fund rises to 10.8 tln rbl in January

MOSCOW, Feb 6 (PRIME) -- The National Wealth Fund increased by 373 billion rubles in January to 10.808 trillion rubles, or 7.2% of gross domestic product (GDP), as of February 1, and grew by U.S. $6.95 billion to $155.298 billion, the Finance Ministry said on Monday.

Of the sum, 10.465 billion euros, 307.446 billion Chinese yuan, 530.1 million rubles, and 551.278 tonnes of gold were collected on the accounts in the central bank, and 649.586 billion rubles were deposited at state development corporation VEB.RF.

The fund’s 583.71 billion rubles and U.S. $2.153 billion were invested in the securities of Russian companies linked to self-financing infrastructural projects, and 328.992 billion rubles in preferred shares of credit organizations.

The fund’s 1.756 trillion rubles were invested in the ordinary shares of top bank Sberbank, 65.877 billion rubles in the ordinary shares of flagship air carrier Aeroflot, 50 billion rubles in the ordinary shares of national housing development institution DOM.RF, and 467 billion rubles in the preferred shares of Russian Railways.

Besides, 58.3 billion rubles of the National Wealth Fund were invested in the shares of State Transport Leasing Company (STLC), 2.3 billion rubles in the bonds of Ural Airlines, and 11.9 billion rubles in the bonds of Siberia Airlines.

The ministry said that the combined income from investment in the financial assets, excluding the money and metals on the central bank’s accounts, amounted to 2.805 billion rubles.

The Finance Ministry also said that it sent 38.5 billion rubles from the National Wealth Fund to cover budget deficit in January, selling 2.274 billion yuan and 3.6 tonnes of gold.

(70.3847 rubles – U.S. $1)

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