Russian National Wealth Fund

[5] Despite this, the fund agreed to buy (on 17 December 2013) $15 billion of Ukrainian Eurobonds, despite the fact that Ukraine had lower credit ratings at the time.

[5] Of course, because of a lack of a real "hard currency" reserve, the fund can quickly lose value in a case of internal crisis.

[16] The NWF approved the investment of $4.2 billion into the state's nuclear energy corporation Rosatom in June 2014.

An additional 30-year deposit was made by the NWF to help the VTB bringing the total investment to $5.5 billion.

[18] Starting from 2024, the NWF will invest $3.2 billion in an $11.2b project to build 600 civilian aircraft which will be sold to airlines at a below cost price.

[19] There was an increase in oil and gas revenues in the first four months of 2024, but the Russian Ministry of Finance still reported that the NWF funds were use to cover profit shortages.

[23] Previously holding liquid assets in US dollars, Euros, UK Pounds, Yen, Yuan and Gold, Russia began selling some Sterling and all the US dollars in the summer of 2021,[24] whilst buying Yuan to reach 30% and Euros to reach 40%, Sterling and Yen each at 5% and Gold 20% of the liquid fund value.

[25] All numbers are in billion, unless specified otherwise; the numbers with "worth" in parentheses are the equivalent in US Dollars: Source by the Ministry of Finance of Russia:[32] Following the 2022 Russian invasion of Ukraine, several countries imposed economic sanctions on Russian banks, individuals and companies.

On 22 February 2022, United States President Joe Biden announced new restrictions on activities involving the National Wealth Fund.