The Government of the Russian Federation allocated 175 billion rubles from the National Wealth Fund to Vnesheconombank. As agreed with the Russian Finance Ministry the said funds are to be invested in the instruments of the Russian financial market. This measure would help diversify the National Wealth Fund’s investments through purchasing Russian securities and would optimize the Fund’s financial resources management. This move aims to stabilize the Russian stock market. Vnesheconombank will place the funds in tranches.
Origin: Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru
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