Russian national wealth fund reserve sheds $1.16B in June

By Emre Gurkan Abay

MOSCOW (AA) - The reserve assets of Russia's National Wealth Fund fell by 102 billion rubles ($1.16 billion) in June, the country's Finance Ministry said on Wednesday.

The fund's reserves amounted to 12.6 trillion rubles ($143 billion) as of July 1, or 7.0% of the country's gross domestic product (GDP).

Currently, the fund has only rubles, gold, and yuan, as it emptied its euro accounts this January, British pound and Japanese yen reserves in 2022 and dollar reserves back in July 2021.