Russia will use funds earmarked for its citizens’ pensions to fund the Rosatom nuclear power plant in Finland, according to Alexei Ulyukayev, Minister of Economic Development for Russia.
The Russian National Welfare Fund is currently valued at 86 billion euros. Of that sum, 20 billion euros will be taken out for five infrastructure projects, one of which is Rosatom, said Ulyukayev. Other projects include the development of Moscow’s Sheremetyevo International Airport.
Money in the Russian National Welfare Fund has been raised from oil and gas profits.
The Russian state has two reserve funds, both of which contain about the same amount of money.
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