We develop ourselves, we develop Russia
RU
Business Investor Relations Agent for the Government
International Cooperation About us
News State trust management company Sustainable development Contacts
+7 (495) 604-63-63
RU

Statement on Investment Management of Reserve Fund and National Wealth Fund’s Assets

2 august 2016 года
#News
Back

Russia’s Finance Ministry hereby reports on investment management of the Reserve Fund and the National Wealth Fund’s assets over the period from January 1 to July 31, 2016.

Reserve Fund

As at 1 August 2016, the Reserve Fund’s assets totaled RUB 2,560.28bn, or USD 38.18bn in equivalent. The balances of the Reserve Fund separate accounts comprised:

  • USD 17.42bn;
  • EUR 15.61bn;
  • GBP 2.62bn.

Total estimated return on the Reserve Fund’s assets placed in foreign currency accounts with the Bank of Russia as denominated in US dollars for the period from January 15 to July 31, 2016 came to USD 0.26bn, or RUB 17.23bn in equivalent. The exchange rate difference from revaluation of balances of the said accounts for the period from January 1 to July 31, 2016 was a negative value of RUB (-)300.29bn.

National Wealth Fund

As at 1 August 2016, the NWF assets totaled RUB 4,842.00bn, or USD 72.21bn in equivalent, including:

  • USD 19.56bn;
  • EUR 20.76bn;
  • GBP 3.83bn held in the NWF separate accounts with the Bank of Russia.

2) RUB 195.03bn and USD 6.25bn deposited with Vnesheconombank;

3) USD 3.00bn invested in debt securities of foreign states based on an ad hoc decision by the Russian Government and subject to no long-term credit rating requirements.

4) RUB 112.63bn and USD 4.11bn invested in debt securities issued by Russian legal entities to deliver sustainable infrastructure projects included in the list approved by the Russian Government;

5) RUB 278.99bn invested in preferred shares in credit institutions;

6) RUB 164.43bn deposited with VTB Bank and Gazprombank to finance sustainable infrastructure projects included in the list approved by the Russian Government.

Total estimated return on the NWF assets placed in foreign currency accounts with the Bank of Russia as denominated in US dollars for the period from January 15 to July 31, 2016 came to USD 0.27bn, or RUB 18.28bn in equivalent. The exchange rate difference from revaluation of the Fund’s assets for the period from January 1 to July 31, 2016 was a negative value of RUB (-)378.40bn, including:

  • RUB (-)300.44bn of the balances on foreign currency accounts with the Bank of Russia;
  • RUB (-)36.47bn deposited with Vnesheconombank in US dollars;
  • RUB (-)17.49bn invested in debt securities of foreign states based on an ad hoc decision by the Russian Government and subject to no long-term credit rating requirements.
  • RUB (-)23.99bn invested in foreign currency-denominated debt securities issued by Russian legal entities to deliver sustainable infrastructure projects included in the list approved by the Russian Government.

In July 2016, the federal budget received the return on investment of the NWF assets:

a) RUB 2.36bn, or USD 0.04bn in equivalent, in deposits with Vnesheconombank;

b) RUB 2.49bn, or USD 0.04bn in equivalent, in preferred shares of credit institutions;

c) RUB 1.03bn, or USD 0.02bn in equivalent, in deposits with VTB Bank;

d) RUB 5.00mn, or USD 0.08mn in equivalent, in debt securities issued by Russian legal entities to deliver sustainable infrastructure projects included in the list approved by the Russian Government.

Total return on investment of the NWF assets in eligible financial assets minus the assets held in the accounts with the Bank of Russia from January to July 2016 amounted to RUB 24.26bn, or USD 0.36bn in equivalent.

On 28 July 2016, The Law Debenture Corporation PLC as the Trustee for the US$3 billion Eurobond issued by Ukraine and held by the Russian Federation filed an application for a summary judgment against Ukraine in the English Court. The application requests that the Court award a judgment requiring Ukraine to repay the Eurobond in full with interest. A hearing on the summary judgment application is expected to take place toward the end of 2016 and a final judgment may be awarded by the Court in early 2017.

Figures for the amounts of the Reserve Fund and the National Wealth Fund, as well as estimated return on investment of the Funds’ assets are calculated at the official foreign exchange rates fixed by the Bank of Russia as of date preceding the reporting one, and at the cross rates calculated based thereon.


Origin: Press Service of Russia’s Finance Ministry
Back
Related news 
[Bitrix\Main\DB\SqlQueryException] 
Mysql query error: (1290) The MySQL server is running with the --read-only option so it cannot execute this statement (400)
REPLACE INTO b_iblock_section_iprop (IBLOCK_ID, SECTION_ID, IPROP_ID, VALUE) VALUES ('4', '7290', '80', 'News')
/var/www/veb/data/www/veb.ru/bitrix/modules/main/lib/db/mysqliconnection.php:137
#0: Bitrix\Main\DB\MysqliConnection->queryInternal(string, array, NULL)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/lib/db/connection.php:330
#1: Bitrix\Main\DB\Connection->query(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/iblock/lib/inheritedproperty/basevalues.php:224
#2: Bitrix\Iblock\InheritedProperty\BaseValues->insertValues(string, array, array)
	/var/www/veb/data/www/veb.ru/bitrix/modules/iblock/lib/inheritedproperty/sectionvalues.php:146
#3: Bitrix\Iblock\InheritedProperty\SectionValues->queryValues()
	/var/www/veb/data/www/veb.ru/bitrix/modules/iblock/lib/inheritedproperty/basevalues.php:104
#4: Bitrix\Iblock\InheritedProperty\BaseValues->getValues()
	/var/www/veb/data/www/veb.ru/bitrix/components/bitrix/news.list/component.php:276
#5: include(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:594
#6: CBitrixComponent->__includeComponent()
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:653
#7: CBitrixComponent->includeComponent(string, array, NULL)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/main.php:1037
#8: CAllMain->IncludeComponent(string, string, array)
	/var/www/veb/data/www/veb.ru/local/templates/.default/components/bitrix/news/press-tsent/bitrix/news.detail/.default/template.php:288
#9: include(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component_template.php:720
#10: CBitrixComponentTemplate->__IncludePHPTemplate(array, array, string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component_template.php:815
#11: CBitrixComponentTemplate->IncludeTemplate(array)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:735
#12: CBitrixComponent->showComponentTemplate()
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:683
#13: CBitrixComponent->includeComponentTemplate()
	/var/www/veb/data/www/veb.ru/bitrix/components/bitrix/news.detail/component.php:438
#14: include(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:594
#15: CBitrixComponent->__includeComponent()
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:653
#16: CBitrixComponent->includeComponent(string, array, object)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/main.php:1037
#17: CAllMain->IncludeComponent(string, string, array, object)
	/var/www/veb/data/www/veb.ru/local/templates/.default/components/bitrix/news/press-tsent/detail.php:70
#18: include(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component_template.php:720
#19: CBitrixComponentTemplate->__IncludePHPTemplate(array, array, string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component_template.php:815
#20: CBitrixComponentTemplate->IncludeTemplate(array)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:735
#21: CBitrixComponent->showComponentTemplate()
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:683
#22: CBitrixComponent->includeComponentTemplate(string)
	/var/www/veb/data/www/veb.ru/bitrix/components/bitrix/news/component.php:216
#23: include(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:594
#24: CBitrixComponent->__includeComponent()
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/component.php:653
#25: CBitrixComponent->includeComponent(string, array, NULL)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/classes/general/main.php:1037
#26: CAllMain->IncludeComponent(string, string, array)
	/var/www/veb/data/www/veb.ru/en/press-center/index.php:6
#27: include_once(string)
	/var/www/veb/data/www/veb.ru/bitrix/modules/main/include/urlrewrite.php:159
#28: include_once(string)
	/var/www/veb/data/www/veb.ru/bitrix/urlrewrite.php:2