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Russia’s Reserve Fund may reach RUB 1,863 bln in 2012 – Finance Minister

In 2013, the Fund may accumulate 2.235 trillion roubles, he said, adding that the Fund may reach 2.826 trillion roubles in 2014

MOSCOW, April 17 (Itar-Tass) —— The Russian Reserve Fund, which accumulates the country’s oil and gas revenues, may reach 1.863 trillion roubles (USD 1 = RUB 29.64) in the current year, Russian Finance Minister Anton Siluanov told the ministry’s enlarged board meeting on Tuesday.

In 2013, the Fund may accumulate 2.235 trillion roubles, he said, adding that the Fund may reach 2.826 trillion roubles in 2014.

The Russian Reserve Fund accumulated 811.52 billion roubles as of January 1, 2012, the minister reaffirmed, adding that the Fund amounted to 1.863 trillion roubles as of February 1.

As of March 1, the Fund accumulated 1.806 trillion roubles and 1.827 trillion roubles as of April 1, 2012.

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