Russia’s Reserve Fund to Run Dry in 2017
Posted on 12/28/2017
Russian Finance Minister Anton Siluanov has announced that the country’s Reserve Fund will be fully depleted by year’s end in order to finance the government’s domestic borrowing program for 2017, with total spending from the Fund amounting to around 1.5 trillion rubles (US$ 25.98 billion). Spending from Russia’s National Wealth Fund (NWF) is expected to […]
