Russian NWF to Indirectly Fund RZD Locomotive Purchases

Russia’s National Welfare Fund (NWF) is planning to indirectly invest 60.22 billion roubles (US$ 1.3 billion) through the capitalization of VTB Bank, in which the bank will buy infrastructure bonds of Russian national rail carrier RZD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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