Support The Moscow Times!

Sovereign Funds Lose 1.5%

Two sovereign wealth funds declined 1.5 percent last month as the government used some of its savings from oil sales to stimulate the economy, the Finance Ministry said Tuesday.

The funds held $168 billion at the end of November compared with $170.6 billion a month earlier, the ministry said. The Reserve Fund fell to $75.1 billion from $77.2 billion, while the Welfare Fund declined by $500 million to $92.9 billion.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more