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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

Russia oil wealth funds fall, investment talk fades

Posted on 03 February 2010

From Reuters: Russian oil wealth funds shrank by 40 percent last year to help the state fill budget gaps, data showed on Tuesday, and talk of investing them beyond currency deposits and state bonds to get higher yields has all but faded.

As of Feb. 1, the Reserve Fund and the National Wealth Fund, stood at 4.56 trillion roubles, some 3.26 trillion roubles, or $107.3 billion, down from a year ago, based on current exchange rates and data provided by the Finance Ministry……………………………………Full Article: Source

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