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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Russia to use oil wealth fund for bank loans-Kudrin

Posted on 08 October 2008

From Reuters: Russia will use one of its oil wealth funds to fund 450 billion roubles ($17.19 billion) of the 950 billion rouble subordinate loans package for banks, Finance Minister Alexei Kudrin said.

The 450 billion “will come from one of the funds which we have,” Kudrin said. Russia’s two oil wealth funds totalled $189.7 billion on Oct. 1….. Full Article: Source


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