National Welfare Fund

"Russia able to withstand one more economic crisis"

Russia’s National Wealth Fund (NWF) will be able to withstand one more economic crisis amounting to the crisis of 2014, head of the Accounts Chamber and initiator of the Reserve Fund Alexey Kudrin said. "In …

Putin signs law on merger of Reserve Fund and NWF

Russian President Vladimir Putin signed a law on a new fiscal rule, as well as a merger of the Reserve Fund and the National Welfare Fund. The text of the decree was placed on the official internet portal of legal …

Uralvagonzavod to build 5000 freight cars for Iran

Vnesheconombank (VEB) will provide a loan of 11.2 billion rubles to Uralvagonzavod to cover costs of the National Welfare Fund (NWF) on construction of 5000 freight cars, Russian media report. "Last Thursday, VEB's supervisory …

Reserve Fund of Russia decreased by one third in a year

The volume of the Russian Reserve Fund has decreased by 36.4% in comparison with the volume in 2015. On February 1st its size was 3.737 trillion rubles, information posted on the website of the Ministry of Finance stated. The amount of the …

Retirement age in Russia could be raised next year

The retirement age in Russia may be raised from next year, otherwise the Reserve Fund and National Welfare Fund could end in 2018. According to Vedomosti newspaper, the Finance Ministry is suggesting the retirement age in Russia ...