Former Russian Finance Minister Warns of Imminent Depletion of National Wealth Fund
Already on a negative trajectory since 2020, Russia’s National Wealth Fund, now holding only 1.9% of GDP, could be gone in six months if war expenditures don’t come to an end, according to former Russian Finance Minister Mikhail Zadornov. Russia’s National Wealth Fund (NWF), established as a financial safeguard for rainy days, is now facing imminent depletion amid ongoing economic challenges.
Former Russian Finance Minister Warns of Imminent Depletion of National Wealth Fund Read Post »