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The Russian government might invest about 10% of the Stabilization Fund's money in shares of private companies
The Russian government might invest about 10% of the Stabilization Fund's money in shares of private companies, a deputy prime minister said Monday. "These investments are risky, but they are highly profitable," Alexander Zhukov said, adding that the issue remained under consideration. Other investments will be made in state securities, he said. The Stabilization Fund was established in 2004 to accumulate windfall profits from high oil prices and hold back inflation by sterilizing the influx of petrodollars.
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