| From Businessweek.com: The Reserve Fund, one of the country’s two sovereign wealth funds, shrank 31 percent in dollar terms this year to $41.8 billion as the government tapped the stockpile to finance Russia’s second deficit since 1999.
Russia is scaling back borrowing as yields on its ruble-denominated debt head for their biggest monthly increase since April and the government turns to a sovereign wealth fund to finance the budget..............................................Full Article: Source
|