With Russia's rainy-day fund used to cover budget shortfalls exhausted, the Kremlin has fewer options to manage its financial problems.
Russia's sovereign wealth reserves, once bloated by years of abundant petroleum revenue, are today just shadows of their former selves. And on Feb. 1, the country's Reserve Fund, designed to help the government balance its budget, will officially disappear as it is legally recombined with the National Wealth Fund, a...
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