Signed just days before UN sanctions snapped back into place, the $25-billion Russia–Iran nuclear deal …
Read More »A cushion without safety: the NWF’s liquid assets will last for several months in the event of a fall in oil prices
The Russian budget has been in deficit since the start of the full-scale invasion of Ukraine, and the draft budget for 2025 also envisages a deficit of 1.1 trillion rubles (0.5% of GDP). For now, the hole is being covered by current borrowing, and the National Welfare Fund (NWF) account …
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