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The fund's restructuring could change the composition of state foreign exchange purchases in the market, the source said. The state welfare fund aims to help Russia manage its pension system.
Since 2014, Russia has accelerated the so-called de dollarization process to reduce its dependence on the US dollar. That year, Russia's annexation of Crimea and its role in the Ukraine crisis led to the deterioration of its relations with the West.
A Russian Finance Ministry source said the move was to make the structure of Russia's state welfare fund closer to the structure of the international foreign exchange reserves held by the Russian central bank. The source declined to be named because of the sensitivity of the matter.
"We plan to act as soon as possible, probably next year," the source told Reuters. "
"We will reduce the dollar's share to close to the central bank's reserve structure. We will increase other foreign exchange currencies according to the reserve structure of the central bank. "

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