Russia's National Welfare Fund grows 474B rubles in August to 13.2T

Russia's National Welfare Fund increased by 474 billion rubles in August, reversing a 383 billion ruble decline in July, reaching 13.2 trillion rubles. The rebound likely reflects higher oil revenues or currency revaluation, but the underlying drivers are not specified. This signals improved fiscal headroom for Russia amid ongoing sanctions, though the fund's liquidity remains constrained by Western asset freezes.