Russia to spend US$7.9b from wealth fund on infrastructure projects: minister
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
