“If fiscal expenses remain at their January levels throughout the remainder of the year, the NWF reserves could vanish in just three months. And even if they don’t — as is more likely — 2025 is probably the last year Moscow will be able to fully cover its fiscal deficit by tapping into those savings.”
So, no… There isn’t. There’s no source of capital to back new rubles, so it would devalue the ruble and drive inflation which is already 20+%.