Putin Signs Law on Using Rainy-Day Fund to Buy OFZ Bonds, Stocks—RIA

Russian President Vladimir Putin attends a meeting with flight personnel, students, and employees of the Aeroflot Aviation School on the suburbs of Moscow, Russia, on March 5, 2022. Sputnik/Mikhail Klimentyev/Kremlin via Reuters

Russia’s President Vladimir Putin has signed a law on using the country’s rainy-day National Wealth Fund to buy OFZ government bonds and stocks, the RIA news agency reported on Wednesday.

Putin also signed a series of laws enabling a new “capital amnesty” designed to encourage people to return money or financial instruments to Russia without facing tax or other penalties, RIA reported.