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Russia’s National Wealth Fund (NWF) will not be replenished with additional revenue from oil and gas exports this year, the Accounts Chamber announced on Thursday. In its report on the management of the NWF in 2022 and the first half of 2023, the Accounts Chamber explains that the government has had to increase spending to…
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Seizing the foreign-exchange reserves of the Russian state would be an act of “complete lawlessness” and would undermine the very basis of international relations, Deputy Foreign Minister Alexander Grushko has said, commenting on an idea floated by the EU’s top diplomat, Josep Borell.
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