SWF Radar

Reuters reports that, “Russia should keep investing its oil and gas revenues abroad rather than trying to use them to prop up domestic growth, Deputy Finance Minister Dmitry Pankin said on Monday. The investment of the newly-created $32 billion national wealth fund is a big issue in Russia, with the finance ministry saying the money should stay abroad, but others, including President Vladimir Putin, have said at least a portion of it could be used at home.”

(Please note that I’ve changed the respective tag from RussianNationalWelfareFund to RussianNationalWealthFund. There has been some confusion as to the correct English name for the fund, but it is called “National Wealth Fund” on its English-language pages at the Russian Ministry of Finance website, and the “Welfare” and “Prosperity” variants on its name should accordingly be retired.)