Russian Ministry of Finance to Transfer 900 Billion Rubles to Reserve Fund

Posted on 01/23/2013

2012 has come to a close; Russia is preparing to fill up its reserve fund, the initial sovereign wealth fund of Russia. Created in 2004, the reserve fund assists in fiscal budget stabilization if global oil prices decrease at a certain price level. The reserve fund invests in conservative fixed income securities, typically low-yield and […]