In a stark wake-up call to the Kremlin, Russia’s National Wealth Fund (NWF) is hemorrhaging cash. Once a fiscal defense against economic downturns and low oil prices, the fund stood at RUB11.97 trillion (US$122.1 billion) in February 2025 - its lowest US$ value since 2019 and its weakest ruble value...
In a stark wake-up call to the Kremlin, Russia’s National Wealth Fund (NWF) is hemorrhaging cash. Once a fiscal defense against economic downturns and low oil prices, the fund stood at RUB11.97 trillion (US$122.1 billion) in February 2025 - its lowest US$ value since 2019 and its weakest ruble value...