Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals, including gold. The share of gold, which is seen as one of the most “protective” assets, has been significantly boosted in Russia’s foreign exchange reserves, the ministry said. The step is aimed at diversifying the assets allocated by the NWF for ensuring the safety of the funds, as well as for increasing the yields, according to the ministry which will make the draft public in the near future. Finance Minister Anton Siluanov had previously supported the idea of allocating the NWF assets mor
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