Russia Maintains Current Investment Strategy for National Welfare Fund

According to PANews, Russian Deputy Finance Minister Vladimir Kolychev announced that the Ministry of Finance does not intend to alter the current investment structure of the National Welfare Fund. Specifically, there are no plans to include cryptocurrencies due to their high volatility. Kolychev emphasized that the current accumulation level of the fund does not support high-risk investments. Kolychev also mentioned that he is unaware of any discussions in Russia about creating a cryptocurrency strategic reserve similar to the plan proposed by U.S. President Donald Trump's administration. He stated, "This is more of a central bank issue. Honestly, I haven't heard of such discussions." He further added that it is premature to consider the inclusion of cryptocurrencies in the investment structure of the National Welfare Fund.