Russia’s Reserve Fund went up by 2.5 percent to accumulate 3,148 billion roubles (USD 1 = RUB 36.38) by March 1, 2014, the Russian Finance Ministry said on Monday. In addition, the National Wealth Fund has accumulated 3,145 billion roubles, thus increasing by 2.1 percent in the past month, the ministry added.
According to the Ministry, the Reserve Fund reached 3,148.08 billion roubles, or 87.33 billion U.S. dollars as of March 1, 2014. The Reserve Fund’s assets embraced 38.08 billion U.S. dollars, 29.40 billion euros and 5.40 billion British pounds.
Overall return from the placement of the Reserve Fund’s money on the Central Bank’s foreign currency-denominated assets, calculated in the U.S. dollars, was estimated at 0.14 billion U.S. dollars (4.91 billion roubles) over the period from January 15 through February 28, 2014. The exchange adjustment of the balance of assets reached 288.35 billion roubles in the period from January 1 through February 28, 2014.
According to the Finance Ministry, the National Wealth Fund accumulated 3,145.34 billion roubles, or 87.25 billion U.S. dollars as of March 1, 2014, including 24.58 billion U.S. dollars, 24.90 billion euros and 4.38 billion British pounds, which were placed into the Central Bank’s assets. In addition, 474.02 billion roubles (6.25 billion U.S. dollars) were placed into the deposits of the Vnesheconombank.
Besides, three billion U.S. dollars were transferred into debt liabilities of foreign states on the basis of the Russian government’s decision, without requirements to the long-term credibility rating. Total yield from the placement of the Wealth Fund’s money into the Central Bank’s foreign currency denominated assets (calculated in dollars) was estimated at 0.10 billion U.S. dollars (3.64 billion roubles) over the period from January 15 through February 28, 2014. The exchange adjustment of the Fund’s balance of assets reached 244.70 billion roubles in the period from January 1 through February 28, 2014. Among them, 213.97 billion roubles were placed to the Bank of Russia’s foreign currency-denominated assets; 20.77 billion roubles – in the Vnesheconombank’s dollar-denominated assets, and 9.96 billion roubles – in the debt obligations of foreign states in compliance with the Russian government’s decision.
Overall revenue from the placement of the National Wealth Fund’s money to the Vnesheconombank’s deposits was estimated at 6.89 billion roubles (0.21 billion U.S. dollars) in January-February 2014.