Russia’s National Wealth Fund has become one of the clearest measures of how the state has adapted to pressure since 2022. The fund still gives Moscow a usable fiscal buffer, and the Iran war has improved that buffer at the margin by lifting oil prices and allowing the Finance Ministry...
Russia’s National Wealth Fund has become one of the clearest measures of how the state has adapted to pressure since 2022. The fund still gives Moscow a usable fiscal buffer, and the Iran war has improved that buffer at the margin by lifting oil prices and allowing the Finance Ministry...