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Russia’s anti-crisis fund equals $2.5 billion — finance minister

January 27, 2015, 12:22 UTC+3
“Our task is to avoid spending sovereign reserves thoughtlessly,” Finance Minister Anton Siluanov said
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© Vladimir Smirnov/TASS

MOSCOW, January 27. /TASS/. The Russian government’s anti-crisis fund equals 170 billion rubles ($2.5 billion), Finance Minister Anton Siluanov said on Tuesday.

The government held a meeting with the country’s leadership on Monday, which “approved the anti-crisis plan,” the finance minister said.

“All resources, that will be allocated to implement this plan, will be found in the anti-crisis reserve set aside in the budget the volume of which equaled 193 billion rubles ($2.8 billion) at the start of the year,” the finance minister said.

“Now that some decisions have been made on the use of these funds, this volume equals about 170 billion rubles,” Siluanov said.

Russia’s anti-crisis plan is intended for one year and stipulates the preparation of new structural reforms to avoid wasting reserves in just a year or two, Finance Minister Anton Siluanov said on Tuesday.

“Our task is to avoid spending sovereign reserves thoughtlessly,” the finance minister said. “Measures for optimizing the budget and implementing structural reforms are stipulated in the anti-crisis plan,” he said.

“The plan is intended for about one year and stipulates the preparation of new structural reforms so that we can have a new quality of state governance, a new quality of the budget and so that we can keep our reserves instead of spending them in a year or two,” he said, adding the anti-crisis plan had been approved by the country’s leadership.

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