Putin Is Back to Building Financial Fortress as Reserves Grow | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Putin Is Back to Building Financial Fortress as Reserves Grow

Surging oil and gas revenues have pushed Russia’s wealth fund to record levels, but President Vladimir Putin wants to save the extra cash for a rainy day.

After approving $35 billion in infrastructure projects from the fund this year, Putin has told the government to limit further spending. Officials close to the process say there aren’t many more well-prepared ventures left in the pipeline anyway.

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