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Sovereign Wealth Funds Briefing - Categorized | Investment, Reserve Currencies

Russia to spend big chunk of Stabilization Fund

Posted on 02 February 2009

From Themoscowtimes.com: A significant portion of the government’s $215 billion stabilization fund will be spent to cover a budget deficit this year, Finance Minister Alexei Kudrin told the State Duma.

“This year is the peak of the crisis, and we’re starting from the idea that a significant part of the Reserve Fund will be spent, but not all,” he said during a meeting with deputies….. Full Article: Source


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