Bloomberg
US · 2 hrs ago
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Russia Bolsters Rainy-Day Fund for First Time in Almost a Year
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Russia has resumed building its National Wellbeing Fund through purchases of foreign currency and gold for the first time since June of the previous year, capitalizing on increased oil prices resulting from Middle East tensions.
Russia Bolsters Rainy-Day Fund for First Time in Almost a Year
Russia resumed purchases of foreign currency and gold for its National Wellbeing Fund for the first time since June last year, as a surge in oil prices driven by the war in the Middle East boosts export revenue.
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