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Sovereign Wealth Funds Briefing - Categorized | Investment

SOFAZ assets in Russia to reach $500mln

Posted on 22 November 2012

The assets of the State Oil Fund of Azerbaijan in Russian economy may reach RUR 15,500,000,000 or $500m. The statement came from trade representative of Russia in Azerbaijan Yuriy Shedrin.
He said today the assets of the State Oil Fund in Russia reach RUR 3bn or $1m. SOFAZ earlier stated the planned investments in different financial institutions of the Russian banks, as well as the property of the European and South-Eastern Asia, in particular, in London, Paris, Rome, Moscow and Istanbul………………………………………..Full Article: Source


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