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National Welfare Fund to be invested in more instruments
RBC, 17.06.2008, Moscow 15:26:47.The number of ways in which the National Welfare Fund can be invested needs to be increased, Russian President Dmitry Medvedev said during a meeting on economic issues in the Kremlin today. The fund must increase the number of options available for investment in various securities, including shares and bonds of both Russian and foreign companies, the President noted. He reiterated that, according to the Russian Budget Code, the National Welfare Fund was created to help finance pension payments and support the pension system as a whole. Therefore, it is vital that the fund be invested in reliable securities, Medvedev stressed.
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