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Sovereign Wealth Funds Briefing - Categorized | Financials

Russia to aid banks, businesses in case of crisis – Finance Minister

Posted on 28 March 2014

Russia will support banks and businesses with large external debts in the event of a financial crisis by dipping into an $88 billion emergency sovereign wealth fund, Finance Minister Anton Siluanov told the Prime news agency Thursday.
“The National Wealth Fund is an emergency resource that can be used in the case of a crisis to help banks and big companies that have large obligations to external creditors,” Siluanov said at the Moscow stock exchange, adding that he so far saw no grounds for such a move……………………………………Full Article: Source


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