April 8, 2024 at 12:43 AM
Here, you can see all the illiquid assets in the NWF
Here is everything that is reported to be in the National Welfare Fund as of the end of April 2025.
May 24, 2025 at 1:04 AM
Here, you can see all the illiquid assets in the NWF
This is everything that is currently reported in the NWF.
July 5, 2026 at 8:39 PM
This is everything that is currently reported in the NWF.
So they decided to fund it from the NWF.
Which is why the Russian government said it would commit 900 Billion Rubles from the National Welfare Fund to prop it up.
www.moscowtimes.ru/2024/02/05/k...
www.moscowtimes.ru/2024/02/05/k...
April 9, 2025 at 4:08 PM
So they decided to fund it from the NWF.
Interesting non response on the NWF
February 13, 2026 at 12:47 PM
Interesting non response on the NWF
Then the bucket get’s dumped into the NWF
July 5, 2026 at 9:25 PM
Then the bucket get’s dumped into the NWF
Let’s start with the NWF…
May 2, 2025 at 11:46 PM
Let’s start with the NWF…
Here is thread on the budget rule update. This is linked to the NWF.
‼️Russia: Budget [Fiscal] Rule Update
Here is the Russian Ministry of Finance’s press release
“On oil and gas revenues and operations for the purchase/sale of foreign currency and gold in the domestic foreign exchange market”
This is connected to the NWF
minfin.gov.ru/ru/press-cen...
Here is the Russian Ministry of Finance’s press release
“On oil and gas revenues and operations for the purchase/sale of foreign currency and gold in the domestic foreign exchange market”
This is connected to the NWF
minfin.gov.ru/ru/press-cen...
September 20, 2026 at 10:42 PM
Here is thread on the budget rule update. This is linked to the NWF.
We can see how their contents of the NWF keep reducing.
September 22, 2025 at 3:47 PM
We can see how their contents of the NWF keep reducing.
This is something we discuss regularly in the NWF thread and it’s what happened last year.
The controlling stake of Sberbank is held by the NWF.
The controlling stake of Sberbank is held by the NWF.
This is the NWF fund report that covered August 2025, you can see all the holding that paid out dividends that month
- Sberbank
- VTB
- DOM.RF
- Russian Railways
And this money was then taken and applied to the Federal Budget as in come.
There won’t be anything from Russian Railways this year.
- Sberbank
- VTB
- DOM.RF
- Russian Railways
And this money was then taken and applied to the Federal Budget as in come.
There won’t be anything from Russian Railways this year.
Here are revenues from investments that were taken from the NWF and applied to the Federal Budget
Notice all the dividends
Notice all the dividends
June 30, 2026 at 7:27 PM
This is something we discuss regularly in the NWF thread and it’s what happened last year.
The controlling stake of Sberbank is held by the NWF.
The controlling stake of Sberbank is held by the NWF.
Here is everything currently in the NWF:
February 5, 2026 at 8:25 PM
Here is everything currently in the NWF:
And there have been many times when liquid assets from the NWF have been used to prop up the illiquid assets of the NWF.
For example 👉 Aeroflot
Money to buy some of the planes that Russia stole came from the NWF.
For example 👉 Aeroflot
Money to buy some of the planes that Russia stole came from the NWF.
February 21, 2025 at 8:15 PM
And there have been many times when liquid assets from the NWF have been used to prop up the illiquid assets of the NWF.
For example 👉 Aeroflot
Money to buy some of the planes that Russia stole came from the NWF.
For example 👉 Aeroflot
Money to buy some of the planes that Russia stole came from the NWF.
Here is the most recent NWF update, and in it, all the liquid assets of the NWF were valued at approximately 4.1 Trillion Rubles.
‼️ 🇷🇺 NWF Update
As of December 2025:
The liquid portion of the Russian National Welfare Fund holds:
👉 209.1520 Billion Yuan ( 0 billion)
👉 173.0394 tons of gold (-0.0632 tons)
👉 1.7344 Billion Rubles (+1.7344 billion)
And that’s it.
(Totals for November)
As of December 2025:
The liquid portion of the Russian National Welfare Fund holds:
👉 209.1520 Billion Yuan ( 0 billion)
👉 173.0394 tons of gold (-0.0632 tons)
👉 1.7344 Billion Rubles (+1.7344 billion)
And that’s it.
(Totals for November)
January 15, 2026 at 5:12 PM
Here is the most recent NWF update, and in it, all the liquid assets of the NWF were valued at approximately 4.1 Trillion Rubles.
Here is everything that is currently reported to be in the NWF
June 4, 2026 at 5:50 PM
Here is everything that is currently reported to be in the NWF
NWF data
‼️ 🇷🇺 NWF Update
As of June 2025:
The liquid portion of the Russian National Welfare Fund holds:
👉 153.6981 Billion Yuan (-10.8991 billion)
👉 139.5091 tons of gold (-28.5520 tons)
👉 1.271.3 Billion Rubles (+0.8737 billion)
And that’s it.
(Totals for May)
As of June 2025:
The liquid portion of the Russian National Welfare Fund holds:
👉 153.6981 Billion Yuan (-10.8991 billion)
👉 139.5091 tons of gold (-28.5520 tons)
👉 1.271.3 Billion Rubles (+0.8737 billion)
And that’s it.
(Totals for May)
June 6, 2025 at 2:38 PM
NWF data
Note: Not all of that now 74.45% of ordinary shares belongs to the NWF.
But, it doesn’t make it clear how much belongs to the NWF.
But, it doesn’t make it clear how much belongs to the NWF.
“Within the state-owned stake, Rosimushchestvo's stake increased to 45.37% from 32.42%, while the Ministry of Finance's stake increased to 29.07% from 17.68%.”
June 4, 2026 at 7:03 PM
Note: Not all of that now 74.45% of ordinary shares belongs to the NWF.
But, it doesn’t make it clear how much belongs to the NWF.
But, it doesn’t make it clear how much belongs to the NWF.
The government has given VTB cash from the NWF as a deposit that helped.
But they don’t want to pull anymore from the NWF.
But they don’t want to pull anymore from the NWF.
June 30, 2026 at 10:34 PM
The government has given VTB cash from the NWF as a deposit that helped.
But they don’t want to pull anymore from the NWF.
But they don’t want to pull anymore from the NWF.
Here is the transfer from the NWF in August 2024
February 25, 2025 at 4:24 AM
Here is the transfer from the NWF in August 2024
It was also transferred to the NWF.
Here they are together.
Now, to me, it seems like some things may have been counted twice.
Now, to me, it seems like some things may have been counted twice.
July 7, 2025 at 5:30 PM
It was also transferred to the NWF.
Em comemoração ao novo app vou contar só aq pra vcs q em nwf vamos ter a lore dos veio os defuntoduo KAKAKAKAKKAKA
April 8, 2024 at 2:48 AM
Em comemoração ao novo app vou contar só aq pra vcs q em nwf vamos ter a lore dos veio os defuntoduo KAKAKAKAKKAKA
For Fun…
On the left are the liquid assets of the NWF as of
👉 1 June 2022
On the right are the liquid assets of the NWF as
👉 1 February 2026
On the left are the liquid assets of the NWF as of
👉 1 June 2022
On the right are the liquid assets of the NWF as
👉 1 February 2026
February 5, 2026 at 8:22 PM
For Fun…
On the left are the liquid assets of the NWF as of
👉 1 June 2022
On the right are the liquid assets of the NWF as
👉 1 February 2026
On the left are the liquid assets of the NWF as of
👉 1 June 2022
On the right are the liquid assets of the NWF as
👉 1 February 2026
Either way, further shrinkage of the NWF is expected.
April 15, 2025 at 4:36 PM
Either way, further shrinkage of the NWF is expected.
Here is everything in the NWF according to the most recent report.
March 26, 2025 at 7:49 PM
Here is everything in the NWF according to the most recent report.
In June 2024, the NWF gave Gazprombank 75 billion rubles
July 13, 2025 at 9:46 PM
In June 2024, the NWF gave Gazprombank 75 billion rubles
And they’re suggesting pulling money from a NWF to prop up shipbuilding. But the NWF has less liquid assets than the current deficit.
‼️ Russia: “The Russian government will work out an advanced allocation of funds from the National Welfare Fund for preferential leasing of civil vessels”
🍿 GREAT IDEA! Empty the NWF!
www.interfax.ru/russia/1039963
🍿 GREAT IDEA! Empty the NWF!
www.interfax.ru/russia/1039963
August 11, 2025 at 2:50 PM
And they’re suggesting pulling money from a NWF to prop up shipbuilding. But the NWF has less liquid assets than the current deficit.