Siluanov: NWF resources will be enough for another three years. In March, the Ministry of Finance spoke about at least a six-year safety margin

The volume of the National Wealth Fund (NWF) at the end of this year will be about 7 trillion rubles, taking into account the planned spending. This was stated by the Minister of Finance of Russia Anton Siluanov on the air of the Russia-1 TV channel.

According to him, the resources of the NWF will last until 2024 at current oil prices. “In such difficult times that have developed today, resources, accumulated reserves are needed more than ever,” Siluanov said.

This week, the head of the Ministry of Finance said that the Russian authorities would allocate about 2.8% of GDP, or about 3.1 trillion rubles, to fight the coronavirus and smooth out the economic consequences of the pandemic. This is the total amount of fiscal support for the Russian economy.

At the same time, in March, the Ministry of Finance reported that Russia would have enough safety margins for at least six years at an oil price of $25-30 per barrel. However, in late March-early April, it dropped 10-13 to $ . Analysts also noted negative profitability from the export sale of Urals.