Russia can raise Natl Wealth Fund spending limit to 10% of GDP

MOSCOW, Oct 1 (PRIME) -- Russian President Vladimir Putin has  ordered the government to consider  a gradual increase of the limit of spending from the National Wealth Fund to 10% from 7% of the gross domestic product (GDP), according to an order seen by PRIME on the Kremlin website on Friday.

Investment will not be allowed in the financial assets other than infrastructural projects to be listed until October 1, 2021, with the amount not to exceed 2.5 trillion rubles.

(72.6642 – U.S. $1)

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