Russia Creates a $32 Billion Sovereign Wealth Fund
New York Times, United States -3 hours ago
The state-owned natural gas monopoly Gazprom is buying gas pipelines and gas storage facilities in Europe though officials there have suggested the company

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Russia has split its oil proceeds into two funds and has cleared the way for one to invest in foreign stocks and bonds, officials said. Actual investments are not expected to begin until next fall.

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