Contents tagged with Vnesheconombank
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Russia considers using National Wealth Fund to finance defense industry
The funds in the Russian National Wealth Fund (NWF) should be used to give long-term and cheap loans to the defense industry, said Andrei Klepach, formerly the Russian deputy minister of economic development and currently an economist and vice chair of the board at Vnesheconombank (VEB).
“The government should provide the resource of long-term, cheap funds, which would enable us to solve the defense industry’s problems,” said Klepach. “In my understanding, the money in the National Wealth Fund …