MOSCOW: Finance Ministry of Russia said that Russia’s Reserve Fund down 19.5 percent to $75.75 billion (4.721 trillion rubles) from $85.09 billion (5.865 trillion rubles) due to sharp fall in oil prices.
Russia’s National Welfare Fund established to help the government implement pension reform dropped by 10% in February to stay at 4.591 trillion rubles ($73.66 billion) as compared to 5.1 trillion rubles ($74.02 billion) a month ago, the ministry said.
The State Statistics Service registered the highest level of the Reserve Fund at $137.34 billion (12.5% of the GDP) in February 2009, while the lowest level was at $25.21 billion (1.4% of the GDP) in January 2012.
The highest level of the National Welfare Fund was at $93.38 billion (7% of the GDP) in November 2009, while the lowest level was at $31.92 billion (1.9% of the GDP) in September 2008.
