Russia to spend up to $10 bln from rainy-day fund on buying Russian shares

Reuters

01 March, 2022, 07:10 pm

Last modified: 01 March, 2022, 07:13 pm

Russia to spend up to $10 bln from rainy-day fund on buying Russian shares

Reuters

01 March, 2022, 07:10 pm

Last modified: 01 March, 2022, 07:13 pm

Russian central bank

Russian central bank

The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a source close to the government told Reuters on Tuesday.

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