{"id":442296,"date":"2026-01-30T05:03:11","date_gmt":"2026-01-30T05:03:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/442296\/"},"modified":"2026-01-30T05:03:11","modified_gmt":"2026-01-30T05:03:11","slug":"russias-national-wealth-fund-could-run-dry-within-a-year-analysts-warn-united24-media","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/442296\/","title":{"rendered":"Russia\u2019s National Wealth Fund Could Run Dry Within a Year, Analysts Warn \u2014 UNITED24 Media"},"content":{"rendered":"

Russia\u2019s liquid reserves in\u00a0the National Wealth Fund (NWF) could be\u00a0exhausted within 1.3 years if\u00a0current oil prices persist, analysts from Gazprombank\u2019s Center for Economic Forecasting warned in\u00a0a\u00a0new report published<\/a> on\u00a0January 29. <\/p>\n

As\u00a0of\u00a0early 2026, the fund held 4.1 trillion rubles in\u00a0unspent assets\u2014primarily foreign currency and gold managed by\u00a0the Central Bank. These reserves are used by\u00a0the government to\u00a0cover shortfalls in\u00a0oil and gas revenues. However, analysts note that if\u00a0the price of\u00a0oil falls below $59 per barrel, the fund begins to\u00a0be\u00a0drawn down.<\/p>\n

With oil prices hovering around $40 per barrel, the remaining funds would last just over a\u00a0year. A\u00a0sharper drop to\u00a0$30\u201335 would mean the NWF could be\u00a0depleted by\u00a0the end of\u00a02026. At\u00a0$50 per barrel, reserves might stretch to\u00a02.5 years, according to\u00a0Gazprombank. <\/p>\n

\"Russia\u2019s<\/p>\n

Read more<\/p>\n

CategoryWar in Ukraine<\/a>Russia\u2019s War Chest Is Drying Up: How Sanctions and Oil Prices Bite Into the National Wealth Fund<\/a><\/p>\n

\n Jul 03, 2025 14:29\n <\/p>\n

For reference, the average price of\u00a0Urals crude stood at\u00a0$39 in\u00a0December 2025\u00a0and slipped further to\u00a0$36\u201338 by\u00a0the end of\u00a0January.<\/p>\n

In\u00a0addition to\u00a0oil prices, \u201cother expenditures from the NWF\u201d are also weighing on\u00a0reserves. The federal budget for 2026\u20132028 includes 1\u00a0trillion rubles in\u00a0infrastructure investments funded through the\u00a0NWF.<\/p>\n

Analysts suggest the approaching depletion timeline may force the government to\u00a0revise its \u201ccut-off price\u201d\u2014currently $59 per barrel\u2014which determines when reserve spending begins. This would likely trigger adjustments to\u00a0federal budget expenditures or\u00a0alternative revenue strategies.<\/p>\n

Before the war in\u00a0Ukraine, the NWF held $113 billion in\u00a0liquid assets\u20146.5% of\u00a0GDP. By\u00a0January 2026, that amount had shrunk to\u00a0$52 billion, or\u00a01.9% of\u00a0GDP\u2014a 2.5-fold decline.<\/p>\n

Earlier, it\u00a0was reported<\/a> that Russian state-owned banks became the primary recipients of\u00a0funds from the National Wealth Fund in\u00a02025.<\/p>\n

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