Russian FinMin Siluanov Warns Large Deficit Could Consume Reserves

Posted on 04/28/2015

Russian state-owned companies have lobbied the Kremlin for “loans and capital injections” from the country’s two large sovereign wealth funds, the National Welfare Fund and Reserve Fund. Western sanctions have affected Russian state-owned enterprises (SOE) from tapping Western capital markets for funding. Russian Finance Minister Anton Siluanov warned that Russia could use up all of […]