Russia to cover budget deficit with rainy-day fund in 2022, Finance Minister says
(Reuters) – Russia’s National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion roubles ($21.6 billion) or…
Russia to tap rainy-day fund as sanctions hit borrowing abilities
By Darya Korsunskaya and Andrey Ostroukh MOSCOW – Russia will use money from its rainy-day fund this year to replace shortfalls caused by a forced reduction in state borrowing, which has grown…
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