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Sovereign Wealth Funds Briefing - Categorized | Financials

Russian ministry offers to spend wealth fund’s returned money

Posted on 10 September 2013

Russia’s Finance Ministry has suggested financing new projects from the National Wealth Fund following returns from the fund’s earlier investments into anti-crisis instruments, Finance Minister Anton Siluanov told reporters Monday.
In June, President Vladimir Putin ordered the government to consider investing the National Wealth Fund, originally designed to secure the country’s pension system, into the modernization of the Baikal-Amur Mainline (BAM) and the Trans-Siberian Railway (Transsib), among other infrastructure projects………………………………………..Full Article: Source


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