MOSCOW, Oct 20 (Reuters) – Russia’s finance ministry on Thursday mentioned it was drawing down 1 trillion roubles ($16.25 billion) from the nation’s Nationwide Wealth Fund (NWF) to assist cowl the federal government’s funds deficit this yr.
Russia is predicted to publish a funds deficit of round 2% of GDP this yr, because the fallout from Western sanctions and the prices of Moscow’s “particular army operation” in Ukraine weigh on the economic system and the federal government’s funds.
($1 = 61.52 roubles)
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