Nationalization: the authorities will spend 1 trillion rubles on buying shares of companies that have fallen in price

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Nationalization: the authorities will spend 1 trillion rubles on buying shares of companies that have fallen in price
Nationalization: the authorities will spend 1 trillion rubles on buying shares of companies that have fallen in price
1 March, 16:38Economy
The Russian government decided to support domestic companies and allocate up to 1 trillion rubles from the National Wealth Fund to purchase their shares.

According to Forbes, the Ministry of Finance will involve the state corporation VEB.RF and specialized financial organizations for this.

The order to purchase shares at the expense of the National Welfare Fund was published by the telegram channel “May Decree”, and the authenticity of the document was confirmed by Forbes sources. As the source of the publication pointed out, Prime Minister Mikhail Mishustin, who headed the operational headquarters for increasing the sustainability of the development of the Russian economy in the face of sanctions, has already signed an order.

As of February 1, the amount of funds in the FND was 13.6 trillion rubles, but some of these funds have been spent. Including, to support banks - 416 billion rubles, "self-sustaining infrastructure projects" - 294 billion rubles and $ 4.1 billion, Ukrainian Eurobonds - $ 3 billion, investments in Sberbank shares - 3 trillion rubles, which have collapsed by a quarter since the beginning of February, which brought the fund 750 billion rubles of loss.

Earlier, it was also decided to spend 1.5 trillion rubles from the National Welfare Fund for the restoration of Donbass.

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