Putin signs law on using rainy-day fund to buy OFZ bonds, stocks - RIA - Reuters.com

Russian President Vladimir Putin attends a meeting with flight personnel, students and employees of the Aeroflot Aviation School on the suburbs of Moscow, Russia March 5, 2022. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS

March 9 (Reuters) - Russia's President Vladimir Putin has signed a law on using the country's rainy-day National Wealth Fund to buy OFZ government bonds and stocks, the RIA news agency reported on Wednesday.

Putin also signed a series of laws enabling a new "capital amnesty" designed to encourage people to return money or financial instruments to Russia without facing tax or other penalties, RIA reported.

source: https://www.reuters.com/business/putin-signs-law-using-rainy-day-fund-buy-ofz-bonds-stocks-ria-2022-03-09/

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