FNB
org_government
The ФНБ (Фонд национального благосостояния) is a state fund used for stabilizing the ruble through currency operations and investment in financial assets. Since 2022, its role has shifted significantly: the mechanism of mirror operations was reduced, liquidity declined sharply, and the fund increasingly serves as a source for financing budget deficits outside the budget rule. In 2025, funds from ФНБ were not used to cover deficit beyond the budget rule; in the first half of 2026, net investment amounted to 74.8 billion rubles.
Events
- The US Treasury Department announced that it will issue a temporary…
- The volume of the National Welfare Fund (NWF) decreased by 210.28…
- Stricter parameters of the federal budget for the next three years…
- Russia's state debt rises 6.8% in first half of 2026
- The Minister noted that the National Welfare Fund at the end of the…
- Prices for oil will be more conservative and lower
- NWF Grows to 13.2 Trillion Rubles by September 1
- Russia's gold reserves have fallen to the lowest level in six years.…
- The volume of Russia's National Welfare Fund (FNBF) decreased by…
- Authorities decided to increase foreign currency purchases
Recent coverage
- Siluanov forecasted replenishment of FNB by 1 trillion rubles in 2026 — Коммерсантъ
- Expert Azhgirevich commented on the decision to supply US with Russian diesel — Вечерняя Москва
- Volume of Russian FNB decreased by 210 billion rubles in September — Коммерсантъ
- National Welfare Fund decreased by 210 billion rubles in September — Ведомости
- FNB shrunk by 210 billion rubles in September, liquid portion accounted for 1.6% of GDP — Интерфакс
- GTLK received 24.3 billion rubles from the FNB for preferential leasing of helicopters — Интерфакс
- Ministry of Finance believes that a reduction in the cut-off price will allow replenishing the liquid part of the FNB for another three years — Интерфакс
- Rostov region enters the list of leaders in modernizing wastewater treatment facilities with the involvement of funds of the National Welfare Fund — Правительство Ростовской области
- Russian state debt grew by 2.4 trillion rubles in the first half of the year — Ведомости
- First dry cargo ships of the RSD-59 project, created with FNB funds, delivered to the client — Вести
- Ministry of Finance formed 2027 budget expenditures based on oil at $50 per barrel — The Moscow Times
- Siluanov: Russia spent 15 trillion rubles from the FNB since 2019 — Вечерняя Москва
- Siluanov: by the end of the year the FNB may increase by a sum up to 1 trillion rubles — Коммерсантъ
- Siluanov: FNB will be replenished by a sum of up to 1 trillion rubles by the end of the year — Ведомости
- Ministry of Finance expects National Welfare Fund to increase by 600 billion - 1 trillion rubles this year — Вести
- FNB will grow, Putin declared. — РИА Новости (Telegram)
- Putin reported on budget execution in August with a surplus of 0.6 trillion rubles — Интерфакс
- Putin stated on expectation of growth of oil and gas budget revenues — Вести
- Ministry of Economy proposed to simplify financing of ferry construction Ust-Luga — Baltic — Коммерсантъ
- Ministry of Finance sold 10 tons of gold from the FNB to pay for the construction of civilian aircraft — The Moscow Times