Wed, Oct 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

VEB gets Welfare Fund cash for infrastructure

Posted on 14 January 2010

From Themoscowtimes.com: Money from the National Welfare Fund will be used to finance Vneshekonombank’s infrastructure projects, an arrangement that is profitable for the Finance Ministry and the state corporation but also carries significant risk.

In December, the ministry closed ahead of schedule a 175 billion ruble ($5.9 billion) deposit at VEB — which the state corporation received in October 2008 to support the stock market — and opened a foreign currency deposit…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14997 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031