Russia’s $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets
TYLER DURDEN, 03 June 2021
Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia’s sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan – or simply buying precious metals like gold, which Russia’s central bank has increasingly favored for its own reserves.
Finance Minister Anton Siluanov made the announcement Thursday morning at the annual St. Petersburg International Economic Forum. Continue reading “Article: Russia’s $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets”
