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News // Russia

Russia's Stabilization Fund Increased

02 November 2007 , 11:19448
The Russian Stabilization Fund amounted to RUR3.649 trillion (approx. USD147.85bn) as of November, 1, 2007 the Russian Finance Ministry reported today.

The balance of the fund's accounts amounted to USD60.56bn. In October, the fund received RUR149.46bn (approx. USD6.06n) from the federal budget's surplus revenue for June.

Estimated earnings from investing Stabilization Fund money for the period from December 15, 2006 to October 31, 2007 denominated in US dollars stood at USD4.92bn.

Preliminary earnings accumulated since the Stabilization Fund's resources were first invested on July 24, 2006 amounted to 10.65 percent per annum, denominated in US dollars.

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