Russia Rules Out Crypto Investments in National Welfare Fund for Now
Flash
March 6, 2025 12:05 PM
In Brief
Russia’s Deputy Finance Minister Vladimir Koreshchev stated that crypto assets will not be included in the National Welfare Fund (FNB) due to high volatility.
Russia is not considering a crypto strategic reserve similar to the U.S. proposal under Trump’s administration.
Russia’s Finance Ministry has ruled out the inclusion of cryptocurrency assets in the National Welfare Fund (FNB), citing market volatility and insufficient fund accumulation. Deputy Finance Minister Vladimir Koreshchev confirmed that there are no current discussions on a national crypto reserve, dismissing comparisons to Trump’s proposed U.S. Bitcoin reserve.
Koreshchev emphasized that the decision ultimately lies with Russia’s central bank, which has historically taken a cautious stance on digital assets. While Russia has been exploring crypto for international trade and settlements, it remains reluctant to integrate crypto into sovereign investment strategies.
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