Reserve & stabilisation fund
Russian National Wealth Fund
Russia's national wealth fund, capitalised from oil and gas revenues; mandate combines budget stabilisation with co-financing of domestic infrastructure and pension support, with international holdings significantly affected by post-2022 sanctions.
Type
Reserve & stabilisation fund
Funding
Commodity (oil & gas)
Established
2008 (split from Reserve Fund)
Assets
USD ~115 billion (Russian Ministry of Finance disclosures)
Based in
Moscow, Russia
Region
Europe
Investment focus
Foreign currency reserves (constrained since 2022), Domestic infrastructure, Strategic stakes
Sector interests
Domestic infrastructure, Energy, Banking
Style
Government-directed, Domestic anchor allocations
Public profile
Medium
Focus, sectors and style are compiled from public sources and industry listings, not confirmed with the fund.
Visit minfin.gov.ruOpens the fund’s own site in a new tab.
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