Logo
  Friday, December 13, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

The government could decide on investing part of the Stabilization Fund in shares of foreign companies by the end of this year
The government could decide on investing part of the Stabilization Fund in shares of foreign companies by the end of this year, a deputy prime minister said Thursday. Alexander Zhukov said the issue required additional study as the Central Bank had no experience of purchasing foreign companies' shares, and that the government needed to analyze risks in terms of reliability. "In principle, the idea has not been discarded. The Finance Ministry has already made some interim proposals but says the issue requires additional analysis," Zhukov said. The Stabilization Fund, established in 2004 to accumulate windfall profits from oil prices above a cutoff of $27 per barrel and hold back inflation by neutralizing an influx of petrodollars, currently stands at 1.93 trillion rubles (about $71.4 billion), Finance Minister Alexei Kudrin said Thursday.
Print The government could decide on investing part of the Stabilization Fund in shares of foreign companies by the end of this year Bookmark The government could decide on investing part of the Stabilization Fund in shares of foreign companies by the end of this year

Related News   
AprMay 2006Jun
MoTuWeThFrSaSu
24252627282930
1234567
891011121314
15161718192021
22232425262728
2930311234