Russia to diversify oil fund gradually http://www.reuters.com/article/RussiaInvestment07/idUSL1182449120070911
Tue Sep 11, 2007
By Gleb Bryanski
MOSCOW (Reuters) - Russia will diversify its $133 billion oil stabilization fund investment portfolio towards riskier assets only gradually due to global financial turbulence, a senior Finance Ministry official told Reuters.
"I think this turbulence is not over," Pyotr Kazakevich, the ministry official in charge of overseeing the stabilization fund, said at the Reuters Russia Investment Summit on Tuesday. http://www.reuters.com/article/RussiaInvestment07/idUSL1182449120070911