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Russia's National Wealth Fund totals $165 bln as of April 1 — Finance Ministry

According to the Russian Finance Ministry, the National Wealth Fund stood at 41 trillion rubles ($165 bln) as of April 1, 2026. The ministry also reported that NWF investments generated 27 billion rubles in federal budget revenue in 2025, with low returns on currency and gold accounts.

By Tertius News AI Desk 1 distinct · 1 masthead · 2 articles Version 1 Coverage Apr 3–10, 2026 Published Aug 13

Lead

Russia's National Wealth Fund (NWF) held 41 trillion rubles ($165 billion) as of April 1, 2026, equivalent to 7% of the country's projected GDP for the year, according to data published by the Russian Finance Ministry. The ministry's figures were reported by the state news agency TASS on April 3.

The fund's liquid assets—those held in foreign currency and gold accounts with the Bank of Russia—amounted to 9 trillion rubles 8 billion), or 7% of projected GDP. The ministry also disclosed that in March 2026, it sold part of the fund's 3 million Chinese yuan and 8 kg of gold—for 2 million rubles, with proceeds credited to the federal budget to finance its deficit.

Coverage Comparison

The details of the NWF's size and composition come from two separate TASS reports, both citing the Russian Finance Ministry. The first, published April 3, focused on the fund's position as of April 1, including the sale of assets to cover the budget deficit. The second, dated April 10, centered on the income generated by NWF investments in 2025 and the returns on various asset classes.

All facts are attributed to the Finance Ministry, and no independent or conflicting sources have been identified. TASS is a state-owned news agency, and its reporting typically reflects official government positions without independent verification.

Key Claims

Fund size: The NWF stood at 41 trillion rubles ($165 billion) as of April 1, 2026, or 7% of projected 2026 GDP. (Reported by TASS, citing the Finance )

Liquid assets: Liquid assets totaled 9 trillion rubles 8 billion), or 7% of projected GDP. (Reported by TASS, citing the Finance )

March asset sales: In March 2026, the ministry sold 3 million yuan and 8 kg of gold for 2 million rubles, with proceeds going to the federal budget to finance its deficit. (Reported by TASS, citing the Finance )

2025 investment income: Investments of NWF resources in authorized financial assets provided the federal budget with revenue of 27 billion rubles 5 billion) in 2025. This includes 46 billion rubles in interest on currency accounts with the Bank of Russia and 8 billion rubles from other financial assets, including 46 billion rubles in dividends from Sberbank ordinary shares. (Reported by TASS, citing the Finance )

Returns on Bank of Russia accounts: The return on investing NWF resources at Bank of Russia accounts, expressed as a basket of authorized foreign currencies and gold in depersonalized form, stood at 21% per annum 95% per annum since the fund's establishment). Profitability expressed in rubles was 17% per annum 93% per annum from creation). (Reported by TASS, citing the Finance )

Yuan deposit rate: The return on depositing NWF resources at Bank of Russia accounts in Chinese yuan is 35% per annum. (Reported by TASS, citing the Finance )

Income from foreign currency placement: The total calculated income from placement of NWF funds in foreign currency accounts with the Bank of Russia, recalculated into US dollars, was $29 million for the period from December 15, 2025 to March 31, 2026, equivalent to 4 billion rubles. (Reported by TASS, citing the Finance )

Exchange rate and gold revaluation effects: Foreign exchange differences and gold revaluation on the fund's assets totaled 7 billion rubles from January 1 to March 31, 2026. (Reported by TASS, citing the Finance )

How this outlet told it

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TASS — English · 2 articles

Framing: National Wealth Fund investments

as of Apr 3, 2026, 12:15 PM UTC

Framing: National Wealth Fund update

Facts Included:

National Wealth Fund stood at 13.41 trillion rubles as of April 1, 2026
Liquid assets of the fund amounted to 3.9 trillion rubles as of April 1
Funds at the National Wealth Fund were sold for 59,690.2 mln rubles in March 2026
Total calculated income from the placement of the funds at the National Wealth Fund in foreign currency accounts with the Bank of Russia was $29 mln for the period from December 15, 2025 to March 31, 2026

Read the source article →

as of Apr 10, 2026, 5:15 PM UTC

Facts Included:

Investments of National Wealth Fund resources in authorized financial assets provided the Russian federal budget with the revenue of 653.27 bln rubles in 2025
Return on investing NWF resources at accounts with the Bank of Russia was 0.21% per annum
Return on depositing NWF resources at accounts in the China yuan with the Bank of Russia is 0.35% per annum

Read the source article →

What was claimed, and who backed it

AI-extracted; can misattribute a claim — see Methodology.

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status is Contested when two claims on this page negate each other; otherwise it counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimThe National Wealth Fund stood at 13.41 trillion rubles as of April 1, 2026, or 5.7% of GDP projected for 2026.	ConfidenceHigh	StatusContested via TASS — English as of Apr 3, 2026, 12:15 PM UTC
ClaimLiquid assets of the fund amounted to 3.9 trillion rubles as of April 1, equivalent to $47.8 bln.	ConfidenceHigh	StatusSingle-source via TASS — English as of Apr 3, 2026, 12:15 PM UTC
ClaimFunds at the National Wealth Fund were sold for 59,690.2 mln rubles in March 2026.	ConfidenceHigh	StatusContested via TASS — English as of Apr 3, 2026, 12:15 PM UTC
ClaimThe total calculated income from the placement of the funds at the National Wealth Fund in foreign currency accounts with the Bank of Russia was $29 mln for the period from December 15, 2025 to March 31, 2026.	ConfidenceHigh	StatusContested via TASS — English as of Apr 3, 2026, 12:15 PM UTC
ClaimInvestments of National Wealth Fund resources in authorized financial assets provided the Russian federal budget with the revenue of 653.27 bln rubles in 2025.	ConfidenceHigh	StatusSingle-source via TASS — English as of Apr 10, 2026, 5:15 PM UTC
ClaimThe return on investing NWF resources at accounts with the Bank of Russia was 0.21% per annum.	ConfidenceHigh	StatusContested via TASS — English as of Apr 10, 2026, 5:15 PM UTC
ClaimThe return on depositing NWF resources at accounts in the China yuan with the Bank of Russia is 0.35% per annum.	ConfidenceHigh	StatusContested via TASS — English as of Apr 10, 2026, 5:15 PM UTC

Transparency & Audit Trail

1 distinct · 1 masthead · 2 articles consulted: TASS — English 7 claims extracted Version 1 Written 2026-08-13