Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

The Volume Of the Reserve Fund Amounted to 1.007 Trillion Roubles
August 17, 2017 10:27


The volume of the Reserve Fund of Russia amounted to 1.007 trillion roubles (16.91 billion dollars) by the beginning of August. This is reported in a press release on the website of the Ministry of Finance.

The National Welfare Fund reached 4.435 trillion in rouble terms (equivalent to 74.72 billion dollars). The balances of individual accounts for the account of the Reserve Fund amounted to 7.62 billion US dollars, 6.71 billion euros and 1.1 billion pounds. As for NWF, in the last six months it was placed on accounts of the Central Bank, Vnesheconombank’s deposits, as well as was invested in foreign debts and securities of Russian issuers related to infrastructure projects.

The income of NWF for the past six months has made up $ 50 million. In late July the State Duma adopted a draft law on the merger of the Reserve Fund and the National Welfare Fund in the final third reading. The funds will completely merge no later than on February 1, 2018.

A Stabilization Fund with a volume of 171.3 billion roubles was created back in 2004, under the Minister of Finance Aleksei Kudrin. In 2008 it was divided into the Reserve Fund and the National Welfare Fund (by that time the Stabilization Fund had accumulated 3.8 trillion roubles).


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

What's Next for Russia - Recipe from WB President YUKOS Case Negotiations In Russia: Peculiarities, Tactics, Approaches Russia's Gold Reserves Grow 2% Apartments cost in Russia: tendencies and prospects

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Jewellery  Elvira Nabiullina  Soviet Writers  Russian history  Siberia  Eduard Steinberg  Chelyabinsk meteorite  Kuznetsk Basin  Smartphone  Russian circus  Russian business  Wooden Architecture  Ryazan  accommodation in Russia  Archeology  Exhibitions in Moscow  Gazprom Neft  Maria Alyokhina  Russian customs  Moscow  Staritsa  Vimpelcom   the Urals region  piracy  FIFA  Maya Plisetskaya  Arctic Sunrise  GULAG  trains  Russian Cinema  Russian Avant-garde Art  Painting  Paul McCartney  Arkhangelsk  Mercedes-Benz Fashion Week Russia  VTB  Erotic  Russian Orthodox Church  flood  Norilsk Nickel  Russian tourism  Russian Monuments  Transportation  Sochi  Museum of Moscow  Russian singers  Russian universities  society  Sergey Polonsky  Russian Literature 

Travel Blogs
Top Traveling Sites