MOSCOW, October 22 (RIA Novosti) - The Russian government has channeled 175 billion rubles ($6.6 billion) from the National Prosperity Fund into the state-run VEB bank for investment on the country's stock market.
The measure taken late on Tuesday is aimed at diversifying the fund's investment through the acquisition of Russian securities and enhancing its asset management.
"The move aims to stabilize the Russian stock market," the bank said on its website.
VEB will invest the funds in stages.
