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Russia to convert around $40 bln from National Wealth Fund, says Accounts Chamber head

Russia to convert around $40 bln from National Wealth Fund, says Accounts Chamber head In this respect conversion into other currencies is a technical operation that does not reduce the quality of our assets and reserves, Alexei Kudrin noted Head of the Russian Accounts Chamber Alexei Kudrin© Mikhail Tereshchenko/TASS ST. PETERSBURG, June 9. /TASS/. Russia will have to convert around $40 bln from the National Wealth Fund (NWF) as part of withdrawal from dollar assets, Head of the Accounts Chamber Alexei Kudrin said in an interview with TASS, adding that it is a small sum easy to abandon. In this case $40 bln nominated in the currency is a small sum of money, which is easy to abandon and replace with other assets, he said. In this respect conversion into other currencies is a technical operation that does not reduce the quality of our assets and reserves, Kudrin added.

Suez Canal Blockage Underlines Importance of Developing Northern Sea Route, AEC President Says

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Russian economy recovering, though pandemic not over — Putin

Cabinet praises Amir s speech at main session of SPIEF 2021

Cabinet praises Amir’s speech at main session of SPIEF 2021  10 Jun 2021 - 8:38 QNA Doha: Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the Cabinet’s regular meeting held at its seat at the Amiri Diwan yesterday. Following the meeting, Minister of Justice and Acting Minister of State for Cabinet Affairs H E Dr. Issa bin Saad Al Jafali Al Nuaimi issued the following statement. At the beginning of the meeting, the Cabinet praised Amir H H Sheikh Tamim bin Hamad Al Thani’s speech at the main session of the St. Petersburg International Economic Forum (SPIEF 2021) held last Friday in St. Petersburg in the Russian Federation, as well as the important implications of the speech, whether in terms of Qatari-Russian relations or in the field of international cooperation and finding effective solutions to common economic challenges, especially in light of the ongoing COVID-19 pandemic and its serious negative repercussions on

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