Dependence on the American and European currencies has declined

25.02.2021

Russia has reduced the dependence of the sovereign National Welfare Fund (NWF) on the dollar and the euro by changing the currency structure of the fund, according to a report on the resource of the Ministry of Finance.

“The normative currency structure of the NWF funds includes the Japanese yen with a share of 5 percent and the Chinese yuan with a share of 15 percent,” the statement said.

For its part, the share of assets nominated in dollars and euros in the structure of the NWF fell from 45 to 35 percent, in pounds sterling it remained the same at 10 percent.