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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Azeri oil fund puts 3 bln roubles in Russia’s Gazprombank

Posted on 25 October 2012

Azerbaijan’s $33 billion oil fund has bought 3 billion Russian roubles ($100 million) and deposited it in Russia’s Gazprombank to help diversify its assets, the fund said.
“The fund plans to increase investment in financial instruments in Russian roubles,” it said in a press release.The fund said earlier this year it would spend $400-$500 million to buy Russian roubles in 2012………………………………………..Full Article: Source


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