Saturday, November 26

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


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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.

($1 = 96.8050 roubles) (Reporting by Reuters; Editing by Edmund Blair)



financialpost.com