27.06.2013 - Russian govt invest RUB 450 bln from Sovereign
Vladimir Putin President of Russia said that the Russian government will invest up to RUB 450 billion in infrastructure projects from its sovereign wealth fund together with private capital. Putin said that up to half the money to be invested in the projects will come from the National Welfare Fund, Russia’s USD 87 billion sovereign wealth fund made up of windfall oil export revenues. He said that “Key conditions will be an assessment by private business that the projects are viable and effective, and co-financed from their side.” Mr Putin said that the infrastructure projects should eventually return the money invested...............................................Full Article: Source
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