Page 55 - RusRPTOct21
P. 55
financial stability. The increased sterilised domestic NWF allocation under the 10% rule will further reduce the Ministry of Finance’s FX purchases.
“The scale of this effect will depend on three things: i) the timeline of the domestic NWF allocation, ii) the RUB vs. hard currency structure of NWF investment, and iii) the CBR's plans on sterilisation of these investments,” Isakov said.
Russia's National Welfare fund
Date
in Billion US dollars
in Billion rubles
as Percentages of GDP**
01.09.2021
190,51
14 016,99
12,1%
01.08.2021
188,10
13 757,05
11,9%
01.07.2021
187,57
13 574,58
11,7%
01.06.2021
189,41
13 938,08
12,1%
01.05.2021
185,87
13 825,43
12,0%
01.04.2021
182,32
13 802,12
11,9%
01.03.2021
182,06
13 552,05
11,7%
01.02.2021
179,00
13 649,30
11,8%
55 RUSSIA Country Report October 2021 www.intellinews.com
