Russia to spend up to $10 billion from rainy-day fund on buying Russian shares, source says

Pedestrians walk past Russia's Finance Ministry building in Moscow
Pedestrians walk past Russia's Finance Ministry building in Moscow, Russia March 30, 2021. A sign reads: "Ministry of Finance of the Russian Federation". REUTERS/Maxim Shemetov

March 1 (Reuters) - The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a source close to the government told Reuters on Tuesday.

($1 = 96.8050 roubles)

Reporting by Reuters; Editing by Edmund Blair

Our Standards: The Thomson Reuters Trust Principles.

Read Next