Russia to dump euro from rainy-day fund – Finance Ministry ...News

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Russia to dump euro from rainy-day fund – Finance Ministry
The key national reserve will only hold gold, Chinese yuan and the ruble The share of the euro in Russia’s National Wealth Fund (NWF) will be reduced to zero in 2023 as Moscow further reduces its exposure to the currencies of ‘unfriendly’ nations, Deputy Finance Minister Vladimir Kolychev has revealed. “It [the euro] will definitely be reset to zero this year,” Kolychev told reporters on Thursday while answering a question on what would happen to the funds in euros remaining in the NWF accounts. The official also added that the ministry would gradually bring the structure of the NWF in accordance with the new stan

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