Russian macroeconomicsbeta

National Wealth Fund, liquid assets

NWF_LIQUID · Fiscal

NWF money on Bank of Russia accounts — the part available to cover a deficit — RUB billion.

Latest value
₽3.7 tn
Period July 2026 · Published Sep 15, 2026, 02:56 PM MSK

How to read it

This is the fiscal buffer. A shrinking liquid part alongside a growing headline fund is the common pattern: money is not spent but moved into illiquid holdings.

How it is measured

The total fund less money in other permitted assets. Minfin publishes no liquid row, naming the figure only in the prose of its monthly release; the identity was checked against two independent months, 1 July and 1 August 2026, where the difference equalled the published amount.

History

DateValue
July 2026₽3.7 tn
June 2026₽3.6 tn
May 2026₽3.4 tn
April 2026₽3.6 tn
March 2026₽3.9 tn
February 2026₽4.0 tn
January 2026₽4.2 tn
December 2025₽4.1 tn
November 2025₽4.1 tn
October 2025₽4.2 tn
September 2025₽4.2 tn
August 2025₽3.9 tn