Economics
Russia Primes $150 Billion Wealth Fund as Oil War Hits Ruble
- Ministry: reserves shield budget from sub-$30 oil for a decade
- Ruble is worst performer globally after OPEC talks collapse
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Russia is girding for a protracted oil-price war and may dip into its $150 billion wealth fund to bolster the ruble as the currency of the world’s biggest energy exporter slumps the most globally.