Russia to spend up to $10.3B to buy shares in Russian stocks

Russia not throwing in the towl yet. Plans to do a huge buy on the market (when it opens).

“March 1 (Reuters) – The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a source close to the government told Reuters on Tuesday.

($1 = 96.8050 roubles)”

https://www.reuters.com/business/finance/russia-spend-up-10-bln-rainy-day-fund-buying-russian-shares-source-says-2022-03-01/