Rosfinagentstvo

Rosfinagentstvo is going to be created in 2013. Will entrust structure management of the National Welfare Fund (NWF) and the Reserve fund and also the federal loan bonds and eurobonds issued by the Government of the Russian Federation. According to business media, Rosfinagentstvo can also receive pension savings of citizens which did not transfer them to non-state pension funds in management. Now VEB manages these means. It is supposed that heads Rosfinagentstva will appoint the government.

The reserve fund and NWF were created at the end of zero as a result of separation of Stabilization fund. They are filled at the expense of super profits from oil sale.

• The reserve fund is going to be used for stabilization of economy in case of falling of energy costs. For August, 2012 its volume is 1.9 trillion rubles.

• Means of NWF which volume for August, 2012 equals 2.7 trillion rubles can be used on the social purposes, including on medicine and increase in pensions.

• Available funds of funds invest in securities and other assets that they were not "burned" by inflation.

Who will head Rosinformagentstvo

In August, 2012 it became known that the former head of Deutsche Bank Josef Ackermann can head Board of Directors created Rosfinagentstva which will manage the state reserves volume in several trillion rubles. The Vedomosti newspaper with reference to unnamed sources^[1] writes about it in number of August 17^[1].

According to interlocutors of the edition, the offer arrived to Akermann from "Russian authorities of the highest level". The source close to the most foreign banker said to the newspaper that Akermann already accepted this offer.

In an interview in 2011 to the edition the banker said that he is familiar with many people in Russia. In particular, he noted good relations with the president of VTB Andrey Kostin and the head of Sberbank German Gref.

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