Russia plays safe with fund investment

- Central Banking staff
- 16 Nov 2007

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Russia's Oil Stabilisation Fund will stick to investing in highly-rated bonds until the fund's restructuring is complete early next year, officials said on Thursday.

"Until we have a clear understanding of the timetable for withdrawals from the fund, we believe it is better to stick to a conservative strategy," said Dmitry Pankin, the head of the ministry of finance's debt department.

The Fund, which, according to Deutsche Bank is worth $127bn, holds most of its wealth in United States, United

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