MOSCOW—Russia’s parliament on Friday passed a law that makes it easier for the government to use the country’s National Wealth Fund (NWF) to buy stocks of Russian companies and government bonds as an anti-crisis measure.
Looking for ways to support markets hurt by Russia’s invasion of Ukraine and Western sanctions, authorities are planning to spend the NWF money on buying Russian securities in a move similar to what they did in 2014 when Russia annexed Crimea.
