19.01.2016, 21:57
Of January 1, Amount of National Wealth Fund was USD 71.72 billion
OREANDA-NEWS. In December of 2015, in accordance with Resolutions of the Russian Government dated January 19, 2008, N 18 and dated November 5, 2013, N 990, financial resources of the National Wealth Fund in the amount of 118.60 billion rubles were placed in the bonds of LLC in quantity of 1 750 000 bonds, with par value of one bond being 1000 dollars in order to fund an infrastructure project "Construction of Integrated Petrochemical Facility -West-Siberian Petrochemical Integrated Works, which was provided for by para 12 of the List of infrastructure projects to be implemented by legal entities in financial assets of which financial resources of the National Wealth Fund and (or) pension savings under the trust management of a state managing company are placed on a redeemable basis. The List was approved by Executive Order of the Russian Government dated November 2013, N 2044-r.
In accordance with Resolution of the Russian Government dated December 30, 2015 N 1491 and Executive Order of the Russian Government dated December 30, 2015 N 2750-r in order to provide Vnesheconombank with the state's support, the period of returning foreign exchange deposits placed in 2014 in the total amount of 6.25 billion US dollars was extended from 5-15 to 20 years, an interest rate on them was reduced from a level exceeding the 6-month US dollar LIBOR rate by 2.75-3.80 percentage points to a level of 0.25% per annum and an interest payment grace period was set from December 2015 to September of 2018 (during this period interest is charged, it is not capitalized and paid on the last day of the period).
In December of 2015, Ukraine failed to make a payment in the total amount of 3.075 billion US dollars to repay and service the bonds of foreign government loans that were purchased by the Russian Finance Ministry using financial resources of the National Wealth Fund. Ukraine is in default on these bonds. The Russian Finance Ministry appealed to a company that acts as a trustee of the creditor and initiated procedures needed to immediately start legal proceedings against Ukraine for it to pay back financial resources of the National Wealth Fund invested in the above-mentioned instruments.
As of January 1, 2016, the aggregate amount of the National Wealth Fund was 5 227.18 billion rubles which is equivalent to 71.72 billion US dollars including:
1) In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:
* 19.67 billion US dollars;
* 20.76 billion euros;
* 3.83 billion pounds sterlings;
2) 195.03 billion rubles and 6.25 billion US dollars were deposited with Vnesheconombank;
3) under an individual decision by the Russian Government 3.00 billion US dollars were placed in debt instruments of foreign states without placing demands on long-term credit ratings;
4) in bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government - 112.63billion rubles and 4.11 billion US dollars;
5) in preferred shares of credit institutions - 278.99 billion rubles;
6) on deposits of OJSC Bank VTB and Bank GPB (JSC) in order to fund infrastructure projects a list of which is approved by the Russian Government - 164.43 billion rubles.
The aggregate calculated income from placing funds of the National Wealth Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to December 31, 2015, was 0.07 billion US dollars, which is equivalent to 5.32 billion rubles. The exchange rate difference from recalculating monetary resources of the Fund from January 1 to December 31, 2015 was 848.53 billion rubles including:
* balances in foreign exchange accounts with the Bank of Russia - 663.49 billion rubles;
* funds deposited with Vnesheconombank in US dollars - 103.97 billion rubles;
* unds placed in debt instruments of foreign states without placing demands on long-term credit ratings -49.87 billion rubles;
* foreign-currency denominated bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government - 31.20 billion rubles.
In December of 2015, incomes from investing financial resources of the National Wealth Fund were transferred to the federal budget:
a) on Vnesheconombank's deposits in the amount 1.57 billion rubles which is equivalent to 0.02 billion US dollars;
b) in bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government in the amount of 0.32 billion rubles which is equivalent to 0.004 billion US dollars;
c) on deposits of OJSC Bank VTB in the amount of 1.05 billion rubles which is equivalent to 0.01 billion US dollars.
The aggregate income from placing financial resources of the Fund on authorized financial assets with the exception of accounts with the Bank of Russia from January to December of 2015 amounted to 47.26 billion rubles which is equivalent to 0.76 billion US dollars.
In accordance with Resolution of the Russian Government dated December 30, 2015 N 1491 and Executive Order of the Russian Government dated December 30, 2015 N 2750-r in order to provide Vnesheconombank with the state's support, the period of returning foreign exchange deposits placed in 2014 in the total amount of 6.25 billion US dollars was extended from 5-15 to 20 years, an interest rate on them was reduced from a level exceeding the 6-month US dollar LIBOR rate by 2.75-3.80 percentage points to a level of 0.25% per annum and an interest payment grace period was set from December 2015 to September of 2018 (during this period interest is charged, it is not capitalized and paid on the last day of the period).
In December of 2015, Ukraine failed to make a payment in the total amount of 3.075 billion US dollars to repay and service the bonds of foreign government loans that were purchased by the Russian Finance Ministry using financial resources of the National Wealth Fund. Ukraine is in default on these bonds. The Russian Finance Ministry appealed to a company that acts as a trustee of the creditor and initiated procedures needed to immediately start legal proceedings against Ukraine for it to pay back financial resources of the National Wealth Fund invested in the above-mentioned instruments.
As of January 1, 2016, the aggregate amount of the National Wealth Fund was 5 227.18 billion rubles which is equivalent to 71.72 billion US dollars including:
1) In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:
* 19.67 billion US dollars;
* 20.76 billion euros;
* 3.83 billion pounds sterlings;
2) 195.03 billion rubles and 6.25 billion US dollars were deposited with Vnesheconombank;
3) under an individual decision by the Russian Government 3.00 billion US dollars were placed in debt instruments of foreign states without placing demands on long-term credit ratings;
4) in bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government - 112.63billion rubles and 4.11 billion US dollars;
5) in preferred shares of credit institutions - 278.99 billion rubles;
6) on deposits of OJSC Bank VTB and Bank GPB (JSC) in order to fund infrastructure projects a list of which is approved by the Russian Government - 164.43 billion rubles.
The aggregate calculated income from placing funds of the National Wealth Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to December 31, 2015, was 0.07 billion US dollars, which is equivalent to 5.32 billion rubles. The exchange rate difference from recalculating monetary resources of the Fund from January 1 to December 31, 2015 was 848.53 billion rubles including:
* balances in foreign exchange accounts with the Bank of Russia - 663.49 billion rubles;
* funds deposited with Vnesheconombank in US dollars - 103.97 billion rubles;
* unds placed in debt instruments of foreign states without placing demands on long-term credit ratings -49.87 billion rubles;
* foreign-currency denominated bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government - 31.20 billion rubles.
In December of 2015, incomes from investing financial resources of the National Wealth Fund were transferred to the federal budget:
a) on Vnesheconombank's deposits in the amount 1.57 billion rubles which is equivalent to 0.02 billion US dollars;
b) in bonds of Russian issuers related to implementing infrastructure projects, a list of which is approved by the Russian Government in the amount of 0.32 billion rubles which is equivalent to 0.004 billion US dollars;
c) on deposits of OJSC Bank VTB in the amount of 1.05 billion rubles which is equivalent to 0.01 billion US dollars.
The aggregate income from placing financial resources of the Fund on authorized financial assets with the exception of accounts with the Bank of Russia from January to December of 2015 amounted to 47.26 billion rubles which is equivalent to 0.76 billion US dollars.
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