Russia's National Wealth Fund (NWF) reached 13.104 trillion rubles as of July 1, equivalent to 5.6% of the country's projected 2026 GDP, according to data published by the Finance Ministry.
The fund's composition highlights a continued strategic shift toward non-dollar assets, with holdings of 189.8 billion Chinese yuan and 141.1 metric tons of gold recorded in accounts with the Bank of Russia.
The accumulation of gold and yuan underscores Moscow's efforts to diversify reserves amid ongoing geopolitical isolation and sanctions pressure.
The NWF serves as a critical buffer for the federal budget, allowing the government to stabilize spending during periods of volatile energy revenues or fiscal stress.
The current balance suggests the fund remains robust relative to GDP projections, providing policymakers with fiscal flexibility.
This development coincides with a broader easing in Russia's domestic monetary conditions.