🇷🇺 TIL Russia has a National Wealth Fund

🇷🇺 TIL Russia has a National Wealth Fund

Excess oil & gas profits are credited to NWF

NWF funds are used to finance government deficit, instead of relying on debt issuance of Ruble (government bonds). Inflation-free deficit financing

🇪🇺 We need this in the EU for Euro