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National Wealth Fund rises to 13.457 tln rbl in November

MOSCOW, Dec 8 (PRIME) -- The amount of money stored in Russia’s National Wealth Fund grew by 158 billion rubles in November to 13.457 trillion rubles as of December 1, or by U.S. $9.9 billion to $177.393 billion, the Finance Ministry said in a statement on Tuesday.

The amount of liquid assets of the fund stood at 8.793 trillion rubles as of December 1.

The amount of National Wealth Fund’s money stored on separate accounts in the central bank amounted to $51.501 billion, 44.738 billion euros, 8.593 billion British points, and 545.1 million rubles. The deposits of the fund with VEB.RF amounted to 579.698 billion rubles. Also, $3 billion of the fund’s money are still in Ukraine’s Eurobonds, on which Kiev defaulted.

The fund’s money invested in shares of Russian companies that are implementing self-sufficient infrastructure projects stands at 254.846 billion rubles and $4.113 billion, and in preferred shares of banks at 278.992 billion rubles. Money on the subordinate deposits with VTB Bank and Gazprombank to finance infrastructure projects stands at 138.434 billion rubles, while 2.812 trillion rubles were invested in ordinary shares of Sberbank and 59.8 billion rubles were invested in ordinary shares of national flagship carrier Aeroflot.

The combined expected income from placement of the fund’s money on foreign currency accounts with the central bank from December 15, 2019 through November 30, 2020 amounted to $1.097 billion. Currency revaluation of the fund’s money amounted to 1.892 trillion rubles from January 1, 2020 through November 30, 2020.

(74.2506 rubles – U.S. $1)

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08.12.2020 17:29