The authorities are studying other currencies for investments of the National Wealth Fund (NWF)

The Ministry of Finance has placed a contract on the state procurement portal for the performance of information and analytical work related to the management of state finances (Izvestiya has it). The Center for Macroeconomic Analysis and Short-Term Forecasting (CMACP) has already been selected as the winner. The contract amounted to 7.9 million rubles. The deadline for its execution is December 31, 2025 inclusive.

Unbalance the balance: the authorities plan to drastically reduce spending from the National Wealth Fund (NWF)

On what investment projects they are going to spend 700 billion and whether there are risks of exhausting the "treasury"

Among other things, the Ministry of Finance ordered an analysis of the state of the economies of the states in whose currencies it is possible to place the funds of the sovereign funds of the Russian Federation.

This suggests that the ministry is studying the possibility of investing money in the National Welfare Fund of Russia (NWF) in new currencies, said Alexei Tarapovsky, founder of Anderida Financial Group. It is dangerous to keep money only in yuan, it is necessary to diversify investments, said Lazar Badalov, associate professor of the Economics Department of the Russian University of Economics. The Ministry of Finance wants to analyze the existing opportunities to place reserves in other friendly currencies, he said.

Besides, the risks of investing in yuan are growing now: trade wars may weaken the "Chinese". The experience of previous years has taught everyone that it is not worth focusing on one currency for the safety of the entire economy, said Alexei Tarapovsky. On April 8, Beijing lowered the yuan's fixed exchange rate to 7.20 per dollar, the minimum since September 2023.

Read more in the exclusive material of "Izvestia":

Financial Literacy Course: Authorities Study Other Currencies for FNB Investments