Russia continues to accumulate reserves, despite the sanctions: May brought almost 1,5 trillion rubles

Despite Western sanctions restrictions, Russia continues to accumulate state reserves. Thus, in May, the National Wealth Fund increased by 1,47 trillion rubles, amounting to approximately 12,5 trillion rubles.

As of April 1, this amount reached about 13 trillion rubles. Thus, despite Western sanctions and thanks to rising world energy prices, the Russian budget continues to fill up. In particular, this is largely due to the increased level of fuel sales to European countries, which are beginning to prepare in advance for the upcoming winter season.

Meanwhile, at the end of May, spot gas prices in Europe exceeded $1 per XNUMX cubic meters. This rise in price is due to the failed program for generating electricity using windmills, as well as the refusal of Denmark and the Netherlands to purchase Russian fuel.

An important indicator of sustainability economics RF is also a step-by-step reduction of the key rate by the Central Bank. The next decision on this issue should be made at the scheduled meeting on June 10, and there is every reason to believe that the country's financial authorities will reduce this indicator by 1-2 percentage points. Russia has the necessary resources and opportunities for successful development and progressive movement forward.
Dear reader, to leave comments on the publication, you must sign in.
  1. greenchelman Offline greenchelman
    greenchelman (Grigory Tarasenko) 6 June 2022 17: 30
    Those. compared to April 1, the National Wealth Fund decreased by 0,5 trillion rubles. Did I understand everything correctly from what was written in the material? Apparently yes. According to the reports of the Ministry of Finance, as of April 1, the NWF had 13,052 trillion rubles. (9,8% of GDP). Then, over the month, there was a reduction of 2,05 trillion rubles. As of May 1, the volume of the NWF amounted to 11,005 trillion rubles, or 8,3% of GDP. Now they have reported an increase of 1,47 trillion rubles.
    1. zzdimk Offline zzdimk
      zzdimk 6 June 2022 18: 10
      In fact, all this is not easy. Even with a decrease in the amount, a general upward movement is possible. The fact is that something becomes more expensive, something becomes cheaper, somewhere it grows, and somewhere the rate on something falls, which should somehow affect the total cost of the initial mass of what is ultimately called money. But we all know that money has no value at all.
      The balloon can be inflated and deflated.
      Something like that.
  2. svetlanavradiy Offline svetlanavradiy
    svetlanavradiy (Svetlana Vradiy) 6 June 2022 19: 07
    This is good, but now we have colossal expenses: for ourselves and that guy (controlled territories of Ukraine)
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 7 June 2022 08: 54
    A significant indicator of economic crime is the unpunished loss of gold reserves on an especially large scale. Against the backdrop of rising energy prices, will they accumulate again in order to "lose" again?
    The purpose of the accumulation is not clear.
    If these banknotes were used to buy objects, enterprises, technologies, equipment important for the state, as the PRC does, it would be understandable, but this was not and will not be.
    Banks cannot conduct foreign exchange transactions, with the exception of those authorized to deal with gas and other supplies of critically important resources for Western “partners”.
    In the presence of untold wealth, Western "friends" are trying to declare a default and with a high degree of probability they will declare it in order to appropriate the stolen gold reserves and other assets on "legal" grounds.