Russia to spend US$7.9b from wealth fund on infrastructure projects: minister
[Novo-Ogaryovo, RUSSIA] Russia's economy minister said on Tuesday the government planned to spend 525 billion roubles (S$10.63 billion) from the state's National Wealth Fund to support infrastructure projects including one to produce liquefied natural gas, Yamal LNG.
The money from the fund will not be used for state anti-crisis spending programme, the minister, Alexei Ulyukayev, told reporters after President Vladimir Putin met officials at a residence outside Moscow.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’