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Russia Government Fund Will Tread Carefully
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Russian Finance Minister Kudrin laid out some of the policies of Russia's investment fund. Russia will put $31 billion in a national wealth fund which will be invested abroad. Of this 60% has to be invested in government bonds and the rest of 40% could be invested as portfolio investments in corporate stocks and bonds. Following the example of the Norwegian wealth fund no stakes will be taken in a company that exceed 5%. This is intended to allay fears of political influence in the western countries.
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Russia Government Fund Will Tread Carefully
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New York Times 02/01/2008
Russia Government Fund Will Tread Carefully
Wall Street Journal 01/25/2008
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Linked Articles
Russia Government Fund Will Tread Carefully
Wall Street Journal 01/25/2008
Sovereign Funds Look to Norway
Wall Street Journal 11/16/2007
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