Minister says Russia yet to spend NWF money on bailouts

MOSCOW, Mar 28 (PRIME) -- The Finance Ministry has not spent money from the National Wealth Fund to buy the Russian shares from the market, but plans to use it to inject money into capitals of troubled companies, Minister Anton Siluanov said on Monday.

Prime Minister Mikhail Mishustin earlier asked the Finance Ministry to spend up to 1 trillion rubles from the National Wealth Fund on purchases of Russian shares.

"The National Wealth Fund money remains in our reserves. We will need the National Wealth Fund money to finance the types of support of troubled companies first,” Siluanov said.

“We plan to use it as budget resource. We have the right to enter the market but we have not used this right."

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