Fri, May 29, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Russia moves $43.7 bln from SWF to cover shortfall

Posted on 24 July 2009

From Bloomberg: Russia will transfer 1.36 trillion rubles ($43.7 billion) from the Reserve Fund, one of its two sovereign wealth funds, in the third quarter as the government tries to plug its first budget shortfall in a decade.
The Finance Ministry will use the cash to finance spending during the quarter, according to a decree signed by Prime Minister Vladimir Putin and published on the government’s Web site late yesterday………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 16346 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031