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Sovereign Wealth Funds Briefing - Categorized | Investment

$37bln could be invested from Russian rainy day fund - Minister

Posted on 07 October 2013

Russia’s Economic Development Minister said Sunday that up to 1.2 trillion rubles ($37 billion) could be taken from a rainy-day windfall oil revenue fund and invested in infrastructure projects as the Russian economy faces a growing risk of stagnation.
The amount is 40 percent of the contents of Russia’s National Welfare Fund, a key fiscal buffer built up by the Kremlin during years of high energy prices………………………………………..Full Article: Source


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