Russian Ministry of Finance: "Maintaining Current Investment Structure of National Welfare Fund... No Plans to Stockpile Digital Assets"
Suehyeon Lee
Summary
- The Russian Ministry of Finance announced that it has no plans to change the investment structure of the National Welfare Fund.
- They stated that digital assets will not be added to the National Welfare Fund due to their instability.
- They confirmed that they will continue to maintain Chinese Yuan and Gold as their main assets.
The Russian Ministry of Finance has indicated that it has no plans to change the investment structure of Russia's National Welfare Fund.
According to Ublockchain on the 6th (local time), Russian Deputy Finance Minister Vladimir Kolychev stated, "We have no plans to change the investment structure of Russia's National Welfare Fund, and no plans to add digital assets as strategic reserve assets to the National Welfare Fund portfolio."
He explained that digital assets would not be added to the National Welfare Fund portfolio due to their high volatility. Currently, the main assets of the Russian fund are Chinese Yuan (CNY) and Gold, and the policy is to maintain this approach.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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