Oil and pensions: RF vs Norway
The pension fund has a problem. There, a gigantic amount of $ 1 trillion (≈ 66 trillion ₽) accumulated there, thanks to oil income, and it is not clear where to invest even more money. No, this is not about the Russian Pension Fund, he does not face such “problems”. We are talking about the Norwegian Global Pension Fund (GPFG), which, thanks to competent management and investment, is growing by 6% per year.