TechFlow reported on March 6, citing INTERFAX, that Vladimir Kolecheyev, Deputy Minister of Finance of Russia, stated the Ministry does not intend to change the investment structure of the National Wealth Fund (NWF) or include cryptocurrency assets. Kolecheyev noted that cryptocurrency assets are too volatile, and the current accumulation level of the fund is insufficient to consider riskier investments.
The NWF's regulated structure allows up to 60% in Chinese yuan and up to 40% in gold. Kolecheyev emphasized that sovereign budget reserves require assets that can be quickly liquidated without significant depreciation, and due to their high volatility, cryptocurrencies do not meet the criteria for safe assets. He added that only when the fund accumulates to 7-10% of GDP might the government consider investing in higher-return but less liquid assets.
