Russia’s National Wealth Fund falls to 4.568 tln rbl in November

MOSCOW, Dec 5 (PRIME) -- The National Wealth Fund, designed to secure Russia’s pension system, fell by 404 billion rubles in November to 4.568 trillion rubles as of December 1 and by U.S. $7 billion to $68.55 billion, the Finance Ministry said in a report on Wednesday.

In November, the Finance Ministry used 12.8 billion rubles from the National Wealth Fund to buy bonds of state highway operator Russian Highways and allocated 460 billion rubles from the fund to the federal budget to cover deficit of the state Pension Fund. VEB.RF returned 148.3 million rubles of the fund’s money placed on deposits with the bank ahead of schedule in the month.

The balances on accounts with the central bank split by currency stood at $19.712 billion, 17.642 billion euros, and 3.385 billion British pounds. Deposits with VEB.RF amounted to 579.4 billion rubles. Investment in defaulted Ukrainian bonds amounted to $3 billion.

Investment in securities of Russian companies amounted to 129.4 billion rubles and $4.113 billion, in preferred shares of credit institutions to 278.992 billion rubles. Deposits placed with VTB Bank and Gazprombank for financing of infrastructure projects on conditions of repayment stood at 164.4 billion rubles.

A combined income from the National Wealth Fund money placed on foreign currency accounts with the central bank in 2018 stood at 53.064 billion rubles, or $847.5 million.

(66.4467 rubles – U.S. $1)

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