Среда, 06.06.2012, 00:00
Russia has a relatively long but rather peculiar history of sovereign funds development. Having started in 2004 with one fund - the Stabilization Fund of the Russian Federation - the country had two fairly large funds, including the National Welfare Fund, in 2008 on the verge of the crisis. However, at the end of the crisis in the medium term, both funds may cease functioning, having met only a part of their objectives.