Russian National Wealth Fund is Russia's Sovereign Wealth Fund. It was created after the Stabilization Fund of the Russian Federation was split into two separate investment funds on 30 January 2008. The two funds are Reserve Fund, which is invested abroad in low-yield securities and used when oil and gas incomes fall, and the National Wealth Fund, which invests in riskier, higher return vehicles, as well as federal budget expenditures. The Reserve Fund was given $137,09 billion and the National Welfare Fund was given $87,97 billion. The fund is controlled by the Ministry of Finance.
The National Wealth Fund will receive funds from investments returns or any excess funds that the Reserve Fund produces. The Reserve Fund is capped at 10% of Russian GDP and any funds over that will be given to the Wealth Fund.
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“In certain respects, particularly economically, National- Socialism is nothing but bolshevism. These two are hostile brothers of whom the younger has learned everything from the older, the Russian excepting only morality.”
—Thomas Mann (1875–1955)
“Our national experience in Americanizing millions of Europeans whose chief wish was to become Americans has been a heady wine which has made us believe, as perhaps no nation before us has ever believed, that, given the slimmest chance, all peoples will pattern themselves upon our model.”
—Ruth Benedict (1887–1948)
“Science, which cuts its way through the muddy pond of daily life without mingling with it, casts its wealth to right and left, but the puny boatmen do not know how to fish for it.”
—Alexander Herzen (1812–1870)
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—Daniel Goleman (20th century)