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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Putin pledges $14 bln from wealth fund for infrastructure

Posted on 24 June 2013

The Russian government will invest up to 450 billion rubles ($13.7 billion) in infrastructure projects from its sovereign wealth fund together with private capital, President Vladimir Putin said on Friday, in a move that could give a significant kickstart to the faltering Russian economy.
Up to half the money to be invested in the projects will come from the National Welfare Fund, Russia’s $87 billion sovereign wealth fund made up of windfall oil export revenues, he said. “Key conditions will be an assessment by private business that the projects are viable and effective, and co-financed from their side,” Putin said……………………………………….Full Article: Source


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