Russia's Reserve Fund declined by $3.34 billon and its National Prosperity Fund by $1.66 billion between November 1 and November 17, the finance minister said on Wednesday.
The Reserve Fund stood at $131.26 billion and the National Prosperity Fund at $61.16 billion on November 17, Alexei Kudrin said.
The Finance Ministry divided the former Stabilization Fund into the Reserve Fund, designed to cushion the federal budget against a plunge in oil prices, and the National Prosperity Fund, designed to help Russia carry out pension reforms, on February 1 this year.
Kudrin also said Russia's Reserve Fund and National Prosperity Fund had earned 232 billion rubles ($8.5 billion) since the start of the year from investing in premium securities of foreign governments.
Kudrin said the funds' investment had totaled $192.42 billion by mid-November. |
