Russian rainy day fund growing – Finance Ministry
The emergency reserve will soon hold only gold, Chinese yuan, and the ruble, as Moscow reduces its exposure to currencies of ‘unfriendly’ nations The volume of Russia’s National Wealth Fund (NWF) rose by 570 billion rubles ($7.3 billion) in April to nearly $155 billion, the Ministry of Finance reported on Friday. The NWF, which accumulates […]
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