For those who haven’t been listening, Russia’s got herself a new sovereign wealth fund – a $25 billion portfolio which will soon begin snapping up foreign company shares and corporate bonds all over the world, and no doubt raising some suspicion along the way. This fund, which is separate from the massive $130 billion stabilization fund overseen by the often-embattled Alexei Kudrin, has been the focus of much attention following highly public power struggles over access to the national piggy bank – climaxing with the jailing of Deputy Finance Minister Sergei Storchak on spurious charges. It’s still not clear whether the stabilization fund was split as a compromise to ease tensions among the feuding clans.
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