Page 65 - RusRPTFeb24

Total assets of the National Welfare Fund stood at 12.0 trillion rubles ($133.4 billion, 8.0% of GDP) at the end of 2023. The liquid portion now only accounts for 42% of the total as funds were withdrawn for budgetary support in December. Since the start of the full-scale invasion, Russia has, thus, used up almost half (~4.7 trillion) of the NWF’s liquid assets
65 RUSSIA Country Report February 2024 www.intellinews.com