Russia’s National Welfare Fund Could be a Backstop to Local Markets
Posted on 03/26/2022
Earlier in March 2022, the Russian government announced as much as US$ 10 billion from the country’s sovereign wealth fund – National Welfare Fund, could be used to acquire local stocks after crippling sanctions wiped out the equity value of many listed Russian companies. Russian banks were also thrown out of the SWIFT bank-messaging system.…
