Russia resumes saving money in National Wealth Fund – minister ...News

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Russia resumes saving money in National Wealth Fund – minister
source : Russia Today ( News ) () 31
Growing energy revenues will allow Moscow to boost its rainy day fund, Anton Siluanov has said Surging oil and gas revenues will allow Russia to add to its sovereign wealth fund despite Western sanctions, Finance Minister Anton Siluanov announced on Monday.      The National Wealth Fund (NWF), which accumulates revenue from energy exports, was created to support the national pension system and to help cover budget deficits when needed.      The latest figures showed that revenues from oil and gas sales grew 5.3% year-on-year in July and amounted to $8.66 billion. The largest intake was from gas exports, while earn

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