(Bloomberg) -- Russia's government is divided over
whether to invest part of its $113.7 billion oil fund in the
domestic stock market and help prop up shares of state-controlled
companies.
Finance Minister Alexei Kudrin today said the government won't
spend the reserves to support individual shares. President Vladimir
Putin yesterday asked ministers to consider spending public money
on Russian equities after the Micex stock index fell 2.8 percent
since Jan. 1, following gains every year since 2000.
Read more at Bloomberg Stocks News
whether to invest part of its $113.7 billion oil fund in the
domestic stock market and help prop up shares of state-controlled
companies.
Finance Minister Alexei Kudrin today said the government won't
spend the reserves to support individual shares. President Vladimir
Putin yesterday asked ministers to consider spending public money
on Russian equities after the Micex stock index fell 2.8 percent
since Jan. 1, following gains every year since 2000.
Read more at Bloomberg Stocks News
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