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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.

World Needs Russia s Green Oil, Rosneft Chief Sechin Says

World Needs Russia’s Green Oil, Rosneft Chief Sechin Says Updated: June 9, 2021 Vostok Oil’s carbon footprint would be 75% lower than that of other major new oil projects worldwide, Rosneft claims. Igor Onuchin / TASS Russia’s new “green” Arctic oil infrastructure projects are vital to the global economy, Igor Sechin, the head of Russian state-controlled energy giant Rosneft, has said. Rosneft recently launched construction of its Vostok Oil facility, which is set to become the Arctic’s largest oil terminal with 30 million tons of oil per year produced by 2024 and 100 million tons annually by 2030.  Vostok Oil’s carbon footprint will be 75% lower than other major new oil projects worldwide due to advanced technologies that will bring sulfur levels in the product close to zero, the Rosneft CEO said at last week’s St. Petersburg International Economic Forum.

New COVID-19 cases top 10,000 in Russia, vaccine rollout remains slow

Путин: Вступление Украины в НАТО – красная линия

Путин: Вступление Украины в НАТО – красная линия
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