The restrictions imposed by the European Union on the National Wealth Fund (NWF) will not affect plans to invest from the fund. This was reported “Interfax”, “RIA Novosti” and TASS in the press service of the Ministry of Finance.
“The new restrictions will not affect the availability of NWF funds for the Russian government, all planned investments from the fund will be carried out as planned,” the ministry said.
As of January 1, 2023, the volume of the NWF was 10.43 trillion rubles; as of February 1, it was 10.808 trillion rubles. This year, the Ministry of Finance will reset the share of the euro in the NWF, leaving only gold, yuan and rubles.
On February 25, the EU introduced the tenth package of sanctions against Russia, including the NWF.
Read more in the publication “Kommersant FM” “The EU has decided on a new package of sanctions.”