VEB to Manage $10Bln Fund

23 March 2011 | Issue 4601

The government's new sovereign investment fund may reach $10 billion and will be managed by a wholly owned unit of Vneshekonombank, Economic Development Minister Elvira Nabiullina told reporters Monday.

The state will act as a co-investor, providing 10 percent to 15 percent of financing for projects, Nabiullina said, adding that the investment vehicle will be structured as a mutual fund. The documents necessary to create the fund will be ready by June 1.

(Bloomberg)

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VEB to Manage $10Bln Fund

Comments via Facebook

Central Bank Head, in Parting Shot, Warns on Inflation

Investors Follow Putin to St. Pete

Russian Oil Flows to China at Europe's Expense

Rostec Signs Deal for Small Aircraft Localization

Wheels: Jaguar Can't Match Citroen's Spacious New Sedan

Russia Starts Delivering $1Bln Arms Package to Azerbaijan

VEB to Manage $10Bln Fund