Russia’s fiscal stabilization fund is increasingly being used to support the government’s “war economy” as sanctions bite.The NWF’s mission as a “rainy day” fund for fiscal stabilization is being chipped away by the needs of Russia’s economic defense. The fund fell 8.5% m-o-m to RUB10.8 trillion (US$178.4 billion) by October,...
Russia’s fiscal stabilization fund is increasingly being used to support the government’s “war economy” as sanctions bite.The NWF’s mission as a “rainy day” fund for fiscal stabilization is being chipped away by the needs of Russia’s economic defense. The fund fell 8.5% m-o-m to RUB10.8 trillion (US$178.4 billion) by October,...