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Russian Finance Minister unveils how Russia might save its Reserve Fund

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Russian Finance Minister unveils how Russia might save its Reserve Fund

The Reserve Fund of Russia might not be at the end of its resources by the year 2017, if the oil price does not drop below $50 per barrel.


This is what the Finance Minister of Russia, Anton Siluanov, told reporters on Friday over the course of his appearance at Gaidar Forum in Moscow. According to him, in this case, a volume of additional state budget revenues might exceed 1 trillion rubles. This amount of funds will be enough to maintain the Reserve Fund.
Draft on funds from the Reserve Fund to finance a budget deficit might begin in March or April this year. On the 10th of january, it became known that during December, the Reserve Fund of the Russia Federation contracted twofold.

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