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 […]

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