Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Azeri Oil Fund to Deposit Cash With Russia’s VTB, Trend Says

Nov. 15 (Bloomberg) -- Azerbaijan’s State Oil Fund, known as Sofaz, will place rubles on deposit at VTB Group and other Russian banks to diversify reserves, the Trend news service reported, citing Shahmar Movsumov, Sofaz’s executive director.

Talks with VTB Bank are drawing to a close, Movsumov told reporters today in Baku, the Azeri capital, Trend said.

To contact the reporter on this story: Zulfugar Agayev in Baku at

To contact the editor responsible for this story: Hellmuth Tromm at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.