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Sovereign Wealth Funds Briefing - Categorized | Investment

Medvedev proposes using Welfare Fund management revenue to finance Far Eastern projects

Posted on 03 April 2013

Russia could use what it earns from the management of its National Welfare Fund to finance investment projects in the Far East, Prime Minister Dmitry Medvedev said.
“We, as the result of lengthy and complex consultations and debates, which continue on selected positions, have arrived at an unprecedented volume of financing for the state program. It is simply enormous. I suggest the sources [of funding] include revenue from the management of the National Welfare Fund. Pension Fund assets could also be used as possible borrowed funds to carry out investment projects,” Medvedev said………………………………………..Full Article: Source


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