Contents tagged with National Wealth Fund
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Putin's financial safety net melts away: Russia's National Wealth Fund could run out Sooner than expected
As Russia grapples with economic challenges, its primary financial cushion—the National Wealth Fund—could become depleted within six months if oil prices significantly drop.
The National Wealth Fund, once bolstered by substantial revenues from oil and gas, is rapidly diminishing. Since the large-scale invasion of Ukraine, this financial buffer has been utilized to plug budget gaps but is now shrinking significantly.
By February 1, the liquid assets of the fund, which include gold and foreign …