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Sovereign Wealth Funds Briefing - Categorized | Financials

Russian state fund to keep deposits at VEB bank - minister

Posted on 30 December 2015

Russian Economy Minister Alexei Ulyukayev told state television on Tuesday that a proposal to extend the sovereign National Wealth Fund’s deposits in troubled state development bank Vnesheconombank was already “practically a decided matter”.
The proposal, put forward by the Finance Ministry, is part of measures aimed at helping the ailing bank, hit by Western sanctions over Moscow’s role in the Ukraine crisis and facing bad loans and heavy external debt repayments………………………………………..Full Article: Source


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