Russian government OKs investing 50% of rainy-day fund in OFZ bonds
MOSCOW – The Russian government approved investing up to a half of its rainy-day National Wealth Fund (NWF) in Russian state bonds, a decree showed on Friday, months after foreign…
MOSCOW – The Russian government approved investing up to a half of its rainy-day National Wealth Fund (NWF) in Russian state bonds, a decree showed on Friday, months after foreign…
(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…
– Russia’s President Vladimir Putin has signed a law on using the country’s rainy-day National Wealth Fund to buy OFZ government bonds and stocks, the RIA news agency reported on…
– The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a…
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…