This article presents a comparative assessment of the various states approaches on the use of funds from their sovereign welfare, an analysis of the sources of the National Welfare funds allocation in Russian Federation. The article provides an approach to assessing the economic efficiency of using the National Welfare Fund of the Russian Federation which is based on a comparative assessment of the rate of returns dynamics with the effective profitability level of foreign sovereign welfare funds. In unstable conditions sharp decline in world oil prices which are associated with a demand contraction of its consumption, mainly due to COVID-19, studies on the formation, distribution and assessment of the effectiveness of the use of states sovereign national welfare funds are timely and relevant.