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Russian National Wealth Fund
The Russian National Wealth Fund is Russia's sovereign wealth fund. It was created after the Stabilization Fund of the Russian Federation was split into two separate investment funds on 30 January 2008. Fund structure The two funds are the Reserve Fund, which is invested abroad in low-yield securities and used when oil and gas incomes fall, and the National Wealth Fund, which invests in riskier, higher return vehicles, as well as federal budget expenditures. The Reserve Fund was given $125 billion and the National Wealth Fund was given $32 billion. The fund is controlled by the Ministry of Finance. One of the fund's main responsibilities is to support the Russian pension system.Ukraine bailout could derail Putin's drive to boost Russian econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Russia
The economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. —Rosefielde, Steven, and Natalia Vennikova. “Fiscal Federalism in Russia: A Critique of the OECD Proposals.” Cambridge Journal of Economics, vol. 28, no. 2, Oxford University Press, 2004, pp. 307–18, . —Robinson, Neil. “August 1998 and the Development of Russia’s Post-Communist Political Economy.” Review of International Political Economy, vol. 16, no. 3, Taylor & Francis, Ltd., 2009, pp. 433–55, . —Charap, Samuel. “No Obituaries Yet for Capitalism in Russia.” Current History, vol. 108, no. 720, University of California Press, 2009, pp. 333–38, . —Rutland, Peter. “Neoliberalism and the Russian Transition.” Review of International Political Economy, vol. 20, no. 2, Taylor & Francis, Ltd., 2013, pp. 332–62, . —Kovalev, Alexandre, and Alexandre Sokalev. “Russia: Towards a Market Economy.” New Zealand International Review, vol. 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Russia
The politics of Russia take place in the framework of the federation, federal semi-presidential system, semi-presidential republic of Russia. According to the Constitution of Russia, the President of Russia is head of state, and of a multi-party system with executive power exercised by the government, headed by the Prime Minister of Russia, Prime Minister, who is appointed by the President with the parliament's approval. Legislative power is vested in the Bicameralism, two houses of the Federal Assembly of the Russian Federation, while the President and the government issue numerous legally binding by-laws. Since the collapse of the Soviet Union at the end of 1991, Russia has seen serious challenges in its efforts to forge a political system to follow nearly seventy-five years of Soviet governance. For instance, leading figures in the legislative and executive branches have put forth opposing views of Russia's political direction and the governmental instruments that should be u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Direct Investment Fund
The Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world’s largest institutional investors, direct investment funds, sovereign wealth funds and leading companies. RDIF’s reserved capital under management equals $10 billion. RDIF has invested and committed for this purpose 2.1 trillion rubles, of which RDIF invested 200 billion rubles and 1.9 trillion rubles came from co-investors, partners and banks. RDIF also attracted over $40 billion of foreign capital into the Russian economy through long-term strategic partnerships. Kirill Dmitriev is the RDIF's chief executive officer. History RDIF was founded in June 2011 under the leadership of both Russian President Dmitry Medvedev and Prime Minister Vladimir Putin. In June 2012, RDIF and China Investment Corporation (CIC) established the Rus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Sanctions
Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual. Economic sanctions are not necessarily imposed because of economic circumstances—they may also be imposed for a variety of political, military, and social issues. Economic sanctions can be used for achieving domestic and international purposes. The efficacy of sanctions is debatable—there are many failures—and sanctions can have unintended consequences. Economic sanctions may include various forms of trade barriers, tariffs, and restrictions on financial transactions. Since the mid-1990s, United Nations Security Council (UNSC) sanctions have tended to target individuals and entities, in contrast to the comprehensive embargoes of earlier decades. An embargo is similar, but usually implies a more severe sanction. An embargo (from the Spanish ''embargo'', meaning hindrance, obstruction, etc. in a general sense, a trading ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donetsk People's Republic
The Donetsk People's Republic ( rus, Донецкая Народная Республика, Donetskaya Narodnaya Respublika, dɐˈnʲetskəjə nɐˈrodnəjə rʲɪˈspublʲɪkə; abbreviated as DPR or DNR, rus, ДНР) is a Territorial dispute, disputed entity created by Russian people's militias in Ukraine, Russian-backed separatists in eastern Ukraine, which claims Donetsk Oblast. It began as a Secession, breakaway state (2014–2022) and was then Annexation, annexed by Russia in 2022. The city of Donetsk is the claimed capital city. 2014 pro-Russian unrest in Ukraine, Pro-Russian unrest erupted in the Donbas region in response to the Ukrainian Revolution of Dignity. In April 2014, armed pro-Russian separatists seized government buildings and declared the Donetsk People's Republic (DPR) and Luhansk People's Republic (LPR) as sovereign state, independent states, which received no International recognition of the Donetsk People's Republic and the Luhansk People's Republi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luhansk People's Republic
The Luhansk or Lugansk People's Republic (russian: Луга́нская Наро́дная Респу́блика, Luganskaya Narodnaya Respublika, ; abbreviated as LPR or LNR, rus, ЛНР) is a disputed entity created by Russian-backed separatists in eastern Ukraine, which claims Luhansk Oblast. It began as a breakaway state (2014–2022) and was then annexed by Russia in 2022. The city of Luhansk is the claimed capital city. Pro-Russian unrest erupted in the Donbas region in response to the Ukrainian Revolution of Dignity. In April 2014, armed pro-Russian separatists seized government buildings and declared the Luhansk People's Republic (LPR) and Donetsk People's Republic (DPR) as independent states, which received no international recognition prior to 2022. Ukraine and others viewed them as Russian puppet states and as terrorist organisations. This sparked the War in Donbas, part of the wider Russo-Ukrainian War which also saw the Russian occupation and annexatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance Of Russia
The Ministry of Finance of the Russian Federation (russian: Министерство финансов Российской Федерации), also known as ''MinFin'' (Минфин России), is a ministry of the Government of Russia responsible for financial policy and general management in the field of finance. The Ministry of Finance was formed from the Ministry of Finance of the USSR in 1992 and claims descent from the Ministry of Finance of the Russian Empire first established in 1780. It is headquartered at Ilinka Street 9 in Tverskoy District, Moscow. Anton Siluanov has served as the Minister of Finance since September 2011. History The Treasury Governing body in Russia was established by Imperial Decree of Catherine II in October 24, 1780, as The Expedition of state revenues, which was, in fact, the beginning of the creation of state financial authority in Russia. Manifesto of the Emperor Alexander I "On approval of the Ministries" was founded several ministries, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Of Oil
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level. The global price of crude oil was relatively consistent in the nineteenth century and early twentieth century. This changed in the 1970s, with a significant increase in the price of oil globally. There have been a number of structural drivers of global oil prices historically, including oil supply, demand, and storage shocks, and shocks to global economic growth affecting oil prices. Notable events driving significant price fluctuations include the 1973 OPEC oil embargo targeting nations that had supported Israel during the Yom Kippur War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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