Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
KRASNOGORSK, October 9. /TASS/. Resources of reserve funds may be exhausted in 2017-2018 at their current spending rates, Russia’s First Deputy Minister of Finance Tatiana Nesterenko said on Friday.
"It is impossible to speak about development and investments in the private sector when our latest financial resources are used to close the deficit with limited resources to replenish the budget, when we have no foreign markets and domestic markets are limited. Reserve funds are depleting. We believe reserve funds may end at such rates of their spending. We will use up resources received when oil prices were high by 2017-2018," Nesterenko said.
The target is to keep total resources of the National Wealth Fund and the Reserve Fund at the level of at least 2 trillion rubles ($32.5 bln) by 2018 year-end, Finance Minister Anton Siluanov said in September.
The Reserve Fund amounted to 4.67 trillion rubles ($75.8 bln) and the National Wealth Fund equaled 4.87 trillion rubles ($79.1 bln) as of October 1.