Russia to cut foreign currency sales from wealth fund in 2026

Published 29/10/2025, 11:32
© Reuters.

Investing.com -- Russia plans to reduce foreign currency sales from its National Wealth Fund (NWF) next year, Central Bank Governor Elvira Nabiullina announced on Wednesday.

The move is expected to weaken support for the Russian rouble, as these foreign exchange sales have been instrumental in covering the country’s budget deficit.

Nabiullina explained that the primary reason for the planned reduction in forex sales is the more balanced budget expected for 2026, which is currently under parliamentary review.

The National Wealth Fund serves as Russia’s rainy day fund, with foreign currency sales from this reserve helping to stabilize government finances during periods of fiscal shortfall.

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