Russia's National Wealth Fund

Liquid NWF

Russia's National Wealth Fund indicator tracks the liquid, spendable portion of the country's sovereign wealth fund in US dollars, taken directly from the finance ministry's own monthly fund statement: total assets minus the illiquid holdings that cannot actually be spent to cover a budget gap. The figure is not adjusted for inflation, because what matters here is a stock the budget can draw on immediately, not a real value over time. The indicator is scored against two registered anchors: 100 marks the fund's liquid balance from just before the war began; 0 marks a level equal to roughly two and a half months of the registered deficit range. The fund is the monitor's “buffer” — what covers the gap when revenue and borrowing both fall short. Source: Russia's Ministry of Finance, published monthly. For Aug 2026, the latest reading is $46.7 bn. Against the registered pre-war baseline of $113.5 bn, it scores 29/100 on this monitor's index, where 100 is the pre-war level and 0 is the registered trouble line.

Plain-language label: “Rainy-day fund left” — what it measures: the buffer: what covers the gap when revenue and borrowing both fail.

▸ Russia's National Wealth Fund: how much is liquid

“Russia's National Wealth Fund”: historical data against the registered trouble line

How this number is made

Observation history

Parse-failure history

When our parser can't extract a value, we log the failure instead of guessing. Failures never silently reuse the previous value.

• 2026-09-27PARSE FAILED«fetch failed: Error: HTTP 503 for https://minfin.gov.ru/ru/perfomance/nationalwealthfund/statistics/»
• 2026-09-19PARSE FAILED«fetch failed: TypeError: fetch failed»
• 2026-09-11PARSE FAILED«fetch failed: TypeError: fetch failed»
• 2026-09-10PARSE FAILED«fetch failed: TypeError: fetch failed»
• 2026-09-07PARSE FAILED«fetch failed: TypeError: fetch failed»

Availability events

• 2026-09-27SOURCE UNREACHABLEFetch attempt failed (2026-09-27). No value recorded.
• 2026-09-19SOURCE UNREACHABLEFetch attempt failed (2026-09-19). No value recorded.
• 2026-09-11SOURCE UNREACHABLEFetch attempt failed (2026-09-11). No value recorded.
• 2026-09-10SOURCE UNREACHABLEFetch attempt failed (2026-09-10). No value recorded.
• 2026-09-07SOURCE UNREACHABLEFetch attempt failed (2026-09-07). No value recorded.

Related indicators

• Russian oil and gas budget revenues
• Russia's budget deficit
• Russia's M2 money supply growth
• Russia's Economy
• Russia's War Economy

Background reading

• Russia's National Wealth Fund: how much is liquid
• How Russia finances the war: oil, debt, reserves

Latest developments

• Russia’s 2027 budget: $50 base oil price
• Russia's NWF: 6.9% less gold, more roubles
• Minfin will sell Aeroflot shares held in the NWF
• Minfin cuts currency purchases to 2.5bn a day
• Minfin: base oil price cut to $55 is not enough