Super profits from the sale of oil and gas begin to work for the Russian economy

Contrary to the recommendations of the IMF, Russia has decided to allocate about 900 billion rubles from the NWF for the development of seven projects, which were previously determined by the government on the eve.

It is worth recalling that the National Welfare Fund of the Russian Federation is a kind of "piggy bank" to which our country sends super profits received from the oil and gas industry. Today the size of the Russian financial "safety cushion" has reached the level of about 14 trillion. rubles.

But that's not all. The aforementioned funds do not “lie” just like that, but are invested in Russian and foreign securities, continuing to generate income.

With the growth of savings in the NWF, proposals began to sound more and more often to invest some of them in their own the economy... Despite the negative assessment of such a decision by the IMF, in 2019, part of the funds from the "piggy bank" was directed to infrastructure projects.

Now the government will allocate almost $ 1 trillion from the NWF. rubles for the development of the next 7 projects. At the same time, their total value reaches 5 trillion, which means that the rest of the funds will be invested by other participants. Thus, by partially financing the selected projects, the state only helps to give a “start” to something that no one else would undertake in other conditions.

So what projects are we talking about? According to the government decree, 188 billion is planned to be spent on the third stage of modernization of the BAM and Transsib, 105 billion will be spent on the development of the railway infrastructure of the Central Transport Hub, 150 billion will be spent on the construction of the M-12 highway Moscow - Nizhny Novgorod - Kazan, 50 billion will be spent on the construction of another high-speed highway Kazan - Yekaterinburg, about 100 billion will be received by Transmashholding, 150 billion will be spent on the modernization of housing and communal services in the regions and, finally, 155 billion will be invested in the development of the Angara-Yenisei macroregion.

The aforementioned funds are allocated in a balanced manner and under guarantees of return. We are not talking about any gratuitous distribution of state savings. At the same time, the surplus profits from the sale of oil and gas, which previously worked for the foreign economy, are finally starting to work for ours.

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  1. Valera75 Offline Valera75
    Valera75 (Valery) 1 June 2021 11: 56
    Well done, what else can I say?
  2. updidi Offline updidi
    updidi (Alexander Kazakov) 1 June 2021 12: 58
    To highlight this is half the battle. In Russia, it is very important that this money is used for its intended purpose.
  3. Bulanov Offline Bulanov
    Bulanov (Vladimir) 1 June 2021 13: 14
    I wish I could build a couple of new generation machine-tool factories with this money!
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  5. Monster_Fat Offline Monster_Fat
    Monster_Fat (What's the difference) 2 June 2021 07: 29
    So they would write, money is allocated for the development of agglomerations.
  6. Dukhskrepny Offline Dukhskrepny
    Dukhskrepny (Vasya) 2 June 2021 08: 23
    Obvious and incredible
  7. Breard Offline Breard
    Breard (Serg) 2 June 2021 17: 11
    Hmm ... "Oh, these fairy tales! Oh, these storytellers ..."
    Themselves tell themselves "believe" winked
    1. Kofesan Offline Kofesan
      Kofesan (Valery) 2 June 2021 20: 21
      Have you noticed that before the "elections" of EDROS (others will not be elected anyway) the number of fairy tales and promises for "tomorrow" is increasing? And noticeably ...
  8. Marciz Offline Marciz
    Marciz (Stas) 3 June 2021 22: 46
    Eeee those who know the Russian language and literature 5 projects for ROADS and for the second half of Du ... why didn’t they highlight anything !!!! ??? Well, you see the construction of roads you have as an eternal humorous competition "who will build worse" !!!! Well, the experience of "Vostochny" is already a bugagag !!!!!
    1. Kofesan Offline Kofesan
      Kofesan (Valery) 3 June 2021 22: 50
      I'll reveal a secret. In general, nothing is clear. Your translator is ... bad. Nobody reads you. Everyone takes a step to the side and moves on. Always. Also when walking around a pile on the ground. Bad bunch.
      1. Marciz Offline Marciz
        Marciz (Stas) 3 June 2021 23: 08
        Because they are stupid !!!)))
        1. Kofesan Offline Kofesan
          Kofesan (Valery) 3 June 2021 23: 19
          And this, too, is nonsense! Change your translator. This is not a request - this is a diagnosis. I walked away ... Amen!
          1. Marciz Offline Marciz
            Marciz (Stas) 3 June 2021 23: 51
            And sho these home-grown traitors, political scientists to sing praises !? They are being held for stupid by the whole world and we are also traitors !!
  9. zimzinov Offline zimzinov
    zimzinov (Igor) 5 June 2021 12: 24
    Mishustik can be trusted with that kind of money. Khusnulin rolled Moscow into the asphalt and rolled Russia. Yes, and many bridges have been built and are being built. They need access roads.