New Regulatory Asset Structure of Russian National Wealth Fund Approved
20221230
MOSCOW (Sputnik) - A new regulatory asset structure of the Russian National Wealth Fund (NWF) that completely excludes the possibility of investing in US dollars has been approved, the Russian Finance Ministry said on Friday.
"A new regulatory asset structure of the NWF in permitted foreign currency and gold, within which the possibility of investing the Fund's funds in assets denominated in US dollars is excluded, was approved," the NWF said in a statement.
Under the new structure, the maximum share of the yuan and gold in the assets of the NWF doubled to 60% and 40%, respectively, the statement read.
"As of now, the balances on the NWF accounts in pounds and Japanese yen with the Bank of Russia have been reset to zero," the fund said.
© Sputnik
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