Source Pravda.Ru

Finance Ministry concerned about pension fund's operations on financial market

The Russian Finance Ministry is concerned about the development of the financial market with the involvement of the investments from the pension system, Bella Zlatkis, Deputy Finance Minister, told reporters today. The Deputy Finance Minister was quoted as saying "after approving pension laws the financial market has changed drastically, since a large institutional investor with great funds emerged there, which is capable of influencing the entire sector of the financial market".

However, the Finance Ministry "is limiting the participation of the Pension Fund to protect market participants' interests: the fund is allowed to operate on the financial market after an auction and can use a weighted-average price", the official said. The Deputy Finance Minister reiterated that this year the Pension Fund would invest RUR16bn (around $506m) into federal bonds (GKO), while in 2003 the Pension Fund's investments would total RUR46bn (around $1.45bn).

As it was reported earlier, the Pension Fund's investments will be RUR104bn (around $3.29bn) in 2002.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to raise sunken floating dock
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Brexit: The UK's misunderstanding of Democracy
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
MP suggests replacing Lenin's mummy with rubber figure
Russian Navy admiral says Russia will torpedo US warships, if need be
The horror story called Brazil: Murder and destruction
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Why Trump tries to re-industrialize America