The Dollar

Russia is not a big enough player for this to make a marked difference, but this is what happens when your financing become a foreign policy issue.

Russia banned investment of its $83.7 billion National Wealth Fund in bonds issued by foreign government agencies such as Fannie Mae and Freddie Mac, the Finance Ministry said on Thursday.

The ministry said earlier on Thursday it had also banned investment of its $136.3 billion Reserve Fund in foreign government agencies’ bonds.

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