Sovereign Wealth Funds in Russia

Clélia Chevrier

Revue d'Économie Financière, 2009, vol. 9, issue 1, 73-81

Abstract: [eng] Russia relies heavily on oil and gas revenues. Since 2004, the Russian authorities tried to reduce this dependence by building up sovereign funds, whose complexity grew up with time. This cautious policy, which was often criticized in the past, gives now some breathing space to the government to cope with the financial crisis and the downfall of oil prices. The way the sovereign wealth funds (SWFs) are used was thereby recently reviewed in order to support actively the Russian budget and economy. . JEL Classification : F30, G29

Date: 2009
Note: DOI:10.3406/ecofi.2009.5493
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