Russia's National Welfare Fund (NWF) increased by $57.8 billion to $183.358 billion in 2020, the country's finance ministry said
MOSCOW (Pakistan Point News / Sputnik - 13th January, 2021) Russia's National Welfare Fund (NWF) increased by $57.8 billion to $183.358 billion in 2020, the country's finance ministry said.
"As of January 1, 2021, the volume of the NWF amounted to 13,545,663 million rubles [$183.358 billion], or 11.7 percent of the GDP projected for 2021," the statement says.
At the same time, the volume of the fund's liquid assets as of January 1 amounted to the equivalent of 8.658 trillion rubles, or $117.195 billion, which is 7.5 percent of the projected GDP for the current year.
In December alone, the fund was up $5.965 billion in Dollars.
