Russia Wealth Fund at Risk on Sanctions Relief: Chart of the Day - Bloomberg

Russia Wealth Fund at Risk on Sanctions Relief: Chart of the Day - Bloomberg:



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Russia risks wiping out half its $85 billion wealth fund if companies facing international sanctions ask the government for cash to repay maturing debt. 




Russian companies have been frozen out of international debt markets for two months as the U.S. and European Union escalate sanctions over President Vladimir Putin’s actions in Ukraine. Those affected by the penalties are eligible to receive support from the National Wellbeing Fund, Economy Minister Alexei Ulyukayev said on Sept. 12.



The CHART OF THE DAY shows that sanctioned companies, including OAO Rosneft, OAO Gazprom, OAO Sberbank and OAO Lukoil, have $45.8 billion in bonds and loans maturing in the next 12 months. Rosneft, the world’s biggest listed oil company by output, tops the list with $27.6 billion of debt coming due, according to data compiled by Bloomberg."



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