(Reuters) – Russia’s National Wealth Fund, which accumulates the country’s oil revenues, fell to $154.8 billion as of March 1, or 9.7% of gross domestic product projected in 2022, from $174.9 billion a month earlier, the finance ministry said on Wednesday.
The fund’s liquid assets stood at $116.6 billion, or 7.3% of projected 2022 GDP, the ministry said.
The fund’s investment in the ordinary shares of Russia’s No.1 lender Sberbank was worth an estimated 1.5 trillion roubles, down from 3 trillion roubles a month earlier, while the value of its investment in flagship carrier Aeroflot had shrunk to 30.7 billion roubles from 47.4 billion.
(Reporting by Reuters)
