October 4, 2019 / 9:01 AM / 14 days ago

Russia's finmin expects wealth fund to exceed spending ceiling by $26 bln in 2020

MOSCOW, Oct 4 (Reuters) - Russia’s finance ministry expects the country’s National Wealth Fund (NWF) will exceed its spending threshold of 7% of gross domestic product (GDP) by 1.7 trillion roubles ($26.2 billion) next year, Finance Minister Anton Siluanov said on Friday.

$1 = 64.9595 roubles Reporting by Darya Korsunskaya; Writing by Katya Golubkova; editing by John Stonestreet

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