Putin to Limit Usage of Russia’s Sovereign Fund
Russian President Vladimir Putin mentioned on September 1, 2014, that Russia cannot spend more of its National Welfare Fund on growing capital expenditures. This is after the Russian government augmented the cap on the amount allocated toward domestic investments. 40% of the National Welfare Fund can be spent on domestic investments. The Ukraine conflict has affected Russian state-owned firms from raising capital in Western markets.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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