Russia to Re-Organize Sovereign Funds
The government of Russia is planning to re-organize their wealth funds, management of foreign debt and other investment entities into a state-owned investment agency. The new Russian Federal Financial Agency (FFA) also known as Rosfinagentstvo plans to invest excess commodity revenue in a wide range of assets. There are plans to transfer the sovereign fund assets from the Russian Ministry of Finance to the new agency. The agency may take on an investment strategy similar to Norway’s Government Pension Fund Global.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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