Russia’s National Wealth Fund Grows Amid Ukraine Conflict, Analysts Assert Fiscal Resilience

Russia’s National Wealth Fund Grows Amid Ukraine Conflict, Analysts Assert Fiscal Resilience

As of April 1, the value of Russia’s National Wealth Fund (NWF) reached approximately $135.7 billion, or 7.0% of the nation’s GDP, marking an increase from $133.4 billion recorded on March 1, according to the finance ministry. 

The portion of the fund’s assets considered liquid amounted to about $55.1 billion, equivalent to 2.8% of the projected GDP, slightly up from the $54.9 billion reported a month prior.

Despite the financial strain caused by the ongoing conflict in Ukraine on Russia’s state finances, analysts believe that the fiscal reserves accumulated by Moscow over the past two decades are substantial enough to sustain the country for several years. This is anticipated to hold true even if oil prices were to drop to as low as $60 a barrel.

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