Russia’s National Wealth Fund falls 0.9% to 3.928 tln rbl in May

MOSCOW, Jun 6 (PRIME) -- The National Wealth Fund, designed to secure the country’s pension system, shrank 0.9% in May to 3.928 trillion rubles as of June 1 and fell 1.8% to U.S. $62.747 billion, the Finance Ministry said in a report on Wednesday.

The balances on accounts with the central bank split by currency stood at $15.695 billion, 15.137 billion euros, 3.284 billion British pounds, and 610.8 million rubles. Deposits with Vnesheconombank (VEB) amounted to 573.408 billion rubles. Investment in defaulted Ukrainian bonds amounted to $3 billion.

Investment in securities of Russian companies amounted to 112.63 billion rubles and $4.113 billion, in preferred shares of banks to 278.992 billion rubles, in infrastructure projects deposits at VTB Bank and Gazprombank to 164.434 billion rubles.

A combined loss from the National Wealth Fund money placed on foreign currency accounts with the central bank stood at $700,000, or 43 million rubles, from December 15 through May 30.

(61.9822 rubles – U.S. $1)

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