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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Russia: State mulls investing sovereign fund in infrastructure

Posted on 17 December 2012

President Vladimir Putin’s proposal to channel part of the National Welfare Fund into infrastructure projects could be a good alternative to using budget funds, a Finance Ministry official said Friday. “We support the idea of using alternative investment mechanisms, not only budget funds,” Deputy Finance Minister Alexei Moiseyev said.
Spending part of the money accumulated in the $87.5 billion rainy day fund on infrastructure will result in Russia cutting investment in the sovereign debts of Western countries next year, Finance Minister Anton Siluanov told reporters………………………………..Full Article: Source


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