Russia will cut forex sales from wealth fund in 2026, central bank head says
ReutersOct 29, 2025 8:39 AM
MOSCOW, Oct 29 (Reuters) - Russia will cut foreign currency sales from its rainy day National Wealth Fund (NWF) next year, the Central Bank's Governor Elvira Nabiullina said on Wednesday, in move that would weaken support for the rouble.
Forex sales from NDF are needed to cover the budget deficit, and Nabiullina stressed that a more balanced budget for 2026, which is currently under review in parliament, will be the main reason for lower forex sales.
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