SOCHI (Sputnik) — Russia will be interested in the use of the announced Saudi Arabian $2-trillion sovereign wealth fund if it is established, Russian Energy Minister Alexander Novak said Friday.
"If they do launch such a fund and proceed with investing in projects then we could definitely put a claim on Russian projects’ participation, on the use of these assets," Novak told reporters.
Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman Al Saud announced in early April that his country is going to set the world's largest sovereign fund of $2 trillion. The fund is expected to help the authorities to break the kingdom free from oil dependence and to diversify investments.
