Baku. Nijat Mustafayev – APA-Economics. Within the framework of investment policy, SOFAZ will continue to direct a part of its funds to the assets in Russian ruble. Executive Director of the company Shahmar Movsumov said, APA reports.
He noted that already this year, the Fund has started the initial investment by placing short-term deposits at amount of 3 bn rubles at Gazprombank – one of the biggest banks of Russia.
Movsumov also added that the next step to be taken in this direction would be capital investment in instruments of Russia’s VTB Bank. This is the first stage of long-term strategy of the Fund in Russian ruble.
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