Moscow: Russia's National Welfare Fund reserves experienced a decline of 0.15% in July, reaching 13.08 trillion rubles, or approximately $163.1 billion, as reported by the Russian Finance Ministry on Wednesday. The ministry's statement also highlighted that the reserves' ratio to the nation's gross domestic product (GDP) was at 5.9%. According to Anadolu Agency, the National Welfare Fund of Russia holds assets in gold and Chinese yuan. In a strategic move, Russia eliminated its dollar assets from the fund in 2021, followed by the removal of pound and yen assets in 2022, and euro assets in January 2024.