Govt allows investment of Natl Wealth Fund in Chinese treasuries

MOSCOW, Apr 28 (PRIME) -- The Russian government has approved investment of money from the National Wealth Fund in Chinese sovereign securities in the yuan, according to the ruling signed by Prime Minister Mikhail Mishustin and published on Tuesday on the website for disclosure of legal information.

An issue of Chinese sovereign bonds should amount to at least 1 billion yuans.

Currently, the government is allowed to invest money from the fund after it exceeds 7% of the gross domestic product in the most reliable foreign sovereign debt -- China, Australia, Austria, Belgium, the U.K., Germany, Denmark, Ireland, Spain, Canada, Luxembourg, the Netherlands, the U.S., Finland, France, Switzerland, Sweden, and Japan.

Besides the Chinese yuan, the government may invest in the U.S. dollar, the euro, the British pound, Australian and Canadian dollars, the Swiss franc, and the Japanese yen.

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