Sovereign Wealth Funds in Russia

Russia relies heavily on oil and gas revenues. Since 2004, the Russian authorities tried to reduce this dependence by building up sovereign funds, whose complexity grew up with time. This cautious policy, which was often criticized in the past, gives now some breathing space to the government to cope with the financial crisis and the downfall of oil prices. The way the sovereign wealth funds (SWFs) are used was thereby recently reviewed in order to support actively the Russian budget and economy. JEL Classification : F30, G29Chevrier Clélia. Sovereign Wealth Funds in Russia . In: Revue d'économie financière (English ed.). Hors-série, 2009. Sovereign wealth funds : Special Issue 2009. pp. 73-81