Russian President Vladimir Putin has asked its ministries to work on a report about the pros and

cons of starting an oil hedge program to protect oil&gas from the price crash.

According to Kremlin’s spokesman Dmitry Peskov, it is likely that the money for the oil hedge will

be provided by Russia’s sovereign wealth fund, the National Wealth Fund (NWF).

Peskov told reporter that “Responsible agencies are really discussing different hedging

mechanisms, the possibility to resort to this method, which some countries use, in order to hedge

risks of unstable pricing environment … The president has ordered elaborating this possibility.”.