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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Russia may extend National Wealth Fund deposits in VEB for 5 years

Posted on 29 December 2015

Russia’s finance ministry has proposed to extend the National Wealth Fund’s deposits in state development bank Vnesheconombank (VEB) for five years, the ministry’s document showed on Monday.
The ministry also suggested that the government should extend the Fund’s deposits in VEB at an interest rate of no less than 0.25 percent with a three-year grace period, the document published on the website for official drafts showed………………………………………..Full Article: Source


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