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Norilsk Pension Fund Sees Mismanagement

The Moscow Times

... ongoing litigation with the issuers. As Norilsk Nickel chief executive, Prokhorov appointed the board of the fund and essentially controlled its activities, Akifiyeva said. She said about 95 percent of the fund’s assets were invested through Rosbank Management — which was owned by Prokhorov’s Onexim Group. Rosbank Management bought securities that had an appraised value that was multiple times below the purchase price. A spokesman for Prokhorov’s presidential campaign headquarters...

Central Bank Intervenes To Slow Ruble Growth

Bloomberg

... website, the highest demand ratio on record. The ministry offered 35 billion of the same bonds on Feb. 8 and received bids worth 92 billion rubles. 
Investors have also been attracted by signs inflation is slowing, according to Vladimir Kolychev, Rosbank's chief economist. Russia's consumer price inflation decelerated to 4.1 percent in February, the lowest since the collapse of the Soviet Union. The Central Bank buys and sells foreign currencies to manage the ruble within a floating corridor against...

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