SWF Radar

Thomson Reuters reports that, “Russia needs to lock up to $50 billion in its sovereign wealth fund for 5-7 years to make portfolio investment in foreign shares feasible, deputy finance minister Dmitry Pankin, who supervises the fund, told Reuters. Russia has set aside $162 billion in energy revenues split between two funds – the Reserve Fund, which serves as a safety cushion for the budget, and the $33 billion National Wealth Fund (NWF), earmarked for riskier investments.”