The Reserve Fund of the Russian Federation is down to $49.95 billion / fdlx.com
As of January 1, 2016, the total volume of Russia’s Reserve Fund amounted to RUB 3.64 trillion ($49.95 billion), falling 26.5% , according to the Russian Finance Ministry, PRIME news agency reported.
The aggregate amount of the Reserve Fund as of January 1, 2015, was at RUB 4.945 trillion ($87.91 billion), according to the report.
At the same time in December last year, part of the foreign currency funds was spent to cover the deficit of the federal budget, which was $4.52 billion, EUR 4.14 billion and GBP 0.67 billion, sold for RUB 710.67 billion .
The balances in separate accounts recording the assets of the Reserve Fund were as such: $22.71 billion, EUR 20.26 billion, GBP 3.44 billion.
Read alsoRussia to cut budget spending 10% as oil price continues its fallThe aggregate calculated income from placing the funds of the Reserve Fund in foreign currency accounts with the Bank of Russia, recalculated in dollars for the period between January 15 and December 31, 2015, amounted to $0.11 billion, which is equivalent to RUB 7.67 billion.
Read alsoBloomberg puts Russia among worst economies in 2016The exchange rate difference from recalculating balances of these accounts for the period between January 1 and December 31, 2015, amounted to RUB 915.74 billion.