Investopedia explains 'National Welfare Fund (Russia)'
The National Welfare Fund originated from the Stabilization Fund of the Russian Federation, which was established to help balance the Russian government's fiscal budget. In 2008, the fund was split into a Reserve Fund and the National Welfare Fund. The Reserve Fund is invested in conservative foreign investments and is used as a stabilization fund to balance the federal budget. The National Welfare Fund is invested more aggressively.
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