The reserve fund of the Russian Federation in May rose by 7%, 6% FNB — Finance

 

The Reserve Fund of the Russian Federation in May 2012 increased by 7.1% — up to 1.954 trillion rubles, the volume of the National Welfare Fund (NWF) — 5.9% — up to 2.774 trillion rubles, the Finance Ministry said on Friday.

 

As of May 1, the Reserve Fund amounted to 1.825 trillion rubles, NWF — 2.62 trillion rubles.

"As of June 1, 2012 the total amount of the Reserve Fund amounted to 1,953.88 billion, which is equivalent to 60.21 billion dollars. Aggregate volume National Welfare Fund amounted to 2,773.78 billion, which is equivalent to 85.48 billion dollars," — said the ministry said.

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