The purpose of this measure, as noted by the agency, is to "reduce the impact of volatile conditions" in the energy market on the Russian economy.
“The Russian Ministry of Finance from January 2023, within the framework of the budget rule, will resume operations for the purchase / sale of liquid assets within the additional / lost oil and gas revenues,” the ministry said in a statement.
The volume of transactions for the purchase and sale of liquid assets will depend on the amount of oil and gas revenues of the federal budget.
On December 9, the press service of the Russian Ministry of Finance reported that the liquid part of the assets of the National Welfare Fund as of December 1, 2022 amounted to just over 7.6 trillion rubles.