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Russia National Wealth Fund
Russia's sovereign wealth fund; liquid assets down 60% from pre-invasion as war spending accelerates.
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#1616 May
Mentioned in: OFAC GL 134B expires 16 May, no successor
Russia-Ukraine War 2026#168 May
Recorded liquid assets of $49.1bn on 1 May as Finance Ministry recapitalised with 110bn roubles
Russia-Ukraine War 2026: Russia oil revenue -38% as Q1 deficit hits ceiling#1528 Apr
Projected to fall to ~$12.5bn liquid share by year-end 2026, about a quarter of its 1 February value
Russia-Ukraine War 2026: NWF liquid share heads for $12.5bn#1417 Apr
Lost $4.8 billion in the two months preceding Reshetnikov's interview
Russia-Ukraine War 2026: Reshetnikov tells Meduza Russia's reserves exhausted#113 Apr
Mentioned in: Iran War Hands Russia an Unexpected Oil Windfall
Russia-Ukraine War 2026#927 Mar
Russia's wealth fund sheds $4.8bn
Russia-Ukraine War 2026#620 Mar
Mentioned in: Russia spends 38% of budget on war
Russia-Ukraine War 2026#616 Mar