Kremlin Directs National Wealth Fund to Reduce U.S. Dollar Share
Posted on 11/13/2019
As sanctions from the West remain imposed on key Russian government institutions and companies and geopolitical risk heightens, the Russian government over a period of time has been de-dollarizing its economy and shifting currency allocations toward the renminbi and euro. Russia’s National Wealth Fund is seeking to lower its U.S. dollar holdings in favor of […]