Contents tagged with National Wealth Fund
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Trump's tariffs shake Russia's economy: National Wealth Fund dwindles amid oil price collapse
Russia is grappling with significant challenges due to U.S. President Donald Trump's tariffs. The collapse in oil prices, triggered by the U.S. tariff war, has had a devastating impact on Russia's oil industry and, consequently, its financial system. The Russian Finance Ministry is compelled to dip into the "rainy day" fund again—the National Wealth Fund (NWF), reports The Moscow Times.
The introduction of U.S. tariffs has triggered a decline in global oil demand, leading to a drop in prices. …
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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 …