| Russia likely will decide soon to bring some of its giant pool of foreign-currency reserves home to invest in infrastructure projects, the head of country's second-largest bank said Wednesday.
"I expect that … some of the national wealth funds could be used for domestic infrastructure projects," said Andrei L. Kostin, chairman and chief executive of majority state-owned VTB Bank. Asked how much of those funds could be repatriated for this purpose, Mr. Kostin predicted a 20% proportion could be applied. Russia's two sovereign-oil-wealth funds, which accumulate assets based on revenues from Russia's oil-and-gas exports, were valued at a combined 4.4 trillion rubles ($150 billion) as of March 1...............................................Full Article: Source
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