“As of June 1, 2022, the volume of the NWF amounted to 12,475,931.9 million rubles, or 9.4% of GDP projected for 2022,” the Russian Ministry of Finance reports.

As stated in the Ministry of Economic Development, the inflation rate in Russia in annual terms slowed down to 17.35% on May 27.

At the same time, analysts of the Central Bank of Russia noted that it is premature to call the current slowdown in inflation in the country sustainable.