Russia’s New SWF: National Welfare Fund

Posted on 02/04/2008


The Moscow Times reporting that “Russia has made much of its natural wealth, boasting some $157 billion accumulated in the stabilization fund from excess oil revenues. As of Friday, the stabilization fund will be split into the Reserve Fund and the National Welfare Fund. Russian finance minister Alexei Kudrin reiterated the government’s commitment to investing […]

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