The document has been drafted by the Ministry of Finance and is aimed at carrying out the instructions of the President of the Russian Federation.
The resolution is designed to create legal grounds for the Ministry of Finance investing a limited part of NWF assets into the debt obligations of foreign states with a higher level of risk than the sovereign debt obligations forming the predominant part of the NWF investment portfolio.
The resolution restricts the amount of NWF money to be invested in high-risk assets to 10% of its capital.
The investment shall be authorised by individual acts of the Government of the Russian Federation, containing the appropriate instructions to the Ministry of Finance to invest NWF assets into a certain state’s debt obligations and indicating a type of instrument, the amount of investment, the currency, in which the instruments are nominated, the term of investment, and other important indicators.
