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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

China: Coming to Russia’s rescue?

Posted on 01 June 2011

Russia may just have found the white knight it is looking for: one week after a pledge from China’s sovereign wealth fund to invest in the country’s latest round of privatization, the country’s second largest bank has thrown it’s proverbial hat into the ring.
The news will be welcome relief to Moscow’s mandarins. President Demetri Medvedev’s top economic adviser recently told the FT Russia needed to improve its investment climate amid growing capital flight……………………………………….Full Article: Source

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