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Putin signs law on using rainy-day fund to buy OFZ bonds, stocks – RIA – Metro US

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

Russian President Putin visits an aviation school in Moscow
Russian President Putin visits an aviation school in Moscow

(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.

(Reporting by Reuters)

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