Russia says it will remove dollar assets from its wealth fund
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Russia is cutting the U.S. dollar from its $186 billion National Wealth Fund as Washington continues to impose sanctions on Moscow.

Russia will completely remove U.S. dollar assets from its National Wealth Fund (NWF), while increasing the share of the euro, Chinese yuan and gold. Russia on Wednesday said it plans to spend up to 400 billion roubles annually from the NWF in a bid to boost state investment in infrastructure projects and finance its development strategy.