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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

Russia taps SWFs to save markets

Posted on 20 October 2008

From Timesonline.co.uk: The Russian Government said that it would tap its sovereign wealth fund to buy shares in Russian companies and shore up values in the collapsing Moscow stock markets.

Alexei Kudrin, the Russian Finance Minister, said that the stock market interventions would begin next week, adding that the state would invest 175 billion roubles (£3.9 billion) to buy shares in Russian enterprises….. Full Article: Source


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