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Russia reveals revenue from investing national funds' money

19.11.2008 - RBC

Russia reveals revenue from investing national funds' money

Russia's revenue from the placement of RUB 192.42bn (approx. USD 7.01bn) from the National Wealth and Reserve funds amounted to RUB 232bn (approx. USD 6bn) in 2008, Finance Minister and Deputy Prime Minister Alexei Kudrin said during today's State Duma session.

He pointed out that the yield from the placement of money from both funds in the U.S. and European currencies stood at minus 6.2 percent and 12.46 percent, respectively.










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