Russia's National Wealth Fund totals 13.19 trillion rubles as of September 1, 2026
Quick Look
Russia's National Wealth Fund reached 13.19 trillion rubles ($154.1 billion) as of September 1, 2026, representing 5.6% of projected 2026 GDP, with liquid assets at 4 trillion rubles and foreign currency investments generating $70.8 million in revenue from December 2025 to August 2026.
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Why It Matters
The National Wealth Fund is Russia's sovereign wealth fund, funded primarily by oil and gas revenues, designed to support the budget and pension system during economic downturns.
MOSCOW, September 7. /TASS/. Russia’s National Wealth Fund (NWF) totaled 13.19 trillion rubles as of September 1, 2026, or 5.6% of GDP projected for this year, according to files released on the Russian Finance Ministry’s website. The National Wealth Fund equals $154.1 bln.
As of September 1, the amount of liquid assets of the NWF amounted to 4 trillion rubles (1.7% of GDP projected for 2026), which equals $46.7 bln. As of August 1, the amount of liquid assets of the NWF was 3.69 trillion rubles.
The estimated amount of revenues from depositing NWF resources on accounts in foreign currency with the Bank of Russia recalculated to US dollars from December 15, 2025 to August 31, 2026 totaled $70.8 mln, which is equivalent to 6.1 bln rubles.
The exchange rate difference on the Fund’s assets nominated in foreign currency and revaluation of the cost of gold, in which the NWF’s resources have been invested, totally amounted to 594.8 bln rubles from January 1 to August 31, 2026.
A total of 184 bln Chinese yuan, 131.5 tons of gold, and 1.7 bln rubles were on accounts of the National Wealth Fund with the Bank of Russia as of September 1.
Open Questions
- What is the target size or allocation strategy for the National Wealth Fund?
- How will the fund's assets be used to support the 2026 federal budget?
- Are there plans to increase or decrease foreign currency holdings in light of sanctions?
