[lbo-talk] Russia to diversify oil fund gradually

uvj at vsnl.com uvj at vsnl.com
Wed Sep 19 08:12:30 PDT 2007


Reuters.com

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



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