10 Jul 2012 14:24

Russian Financial Agency to get right to invest some sovereign funds in shares - Storchak

MOSCOW. July 10. (Interfax) - The Russian Financial Agency, which is set to be created at the beginning of 2013, will have the opportunity to buy shares with monies from the Reserve Fund and the National Welfare Fund, Russian Deputy Finance Minister Sergei Storchak told journalists on Tuesday.

"The agency will receive the opportunity to buy shares, and it will probably begin the process of cautiously entering into stocks. Very cautiously," he said.