Stabilization Fund of the Russian Federation
From Taighde
| Stabilization Fund of the Russian Federation | |
|---|---|
| Origin: | Oil
|
| Assets: | $156.81 billion
|
| Website: | [1]
|
| Reports | Sovereign Wealth Funds Contact and Information Report |
Stabilization Fund of the Russian Federation was split into two on January 30, 2008. It was split into Reserve Fund and the National Prosperity Fund. The Reserve Fund will contain $125 billion, while the Prosperity fund will contain $32 billion.
Assets
- 3,849,110,000,000 rubles, or $156.81 billion as of 1/1/08
- Part of that sum is kept in foreign currency, $66.85 billion, €50.95 billion and £7.7 billion.
- 183.09 billion rubles in budget surplus from year 2007 was placed in the fund.
- 151.89 billion rubles from its investment last year. The fund earned $330 million, or 8.01 billion rubles, between December 15 and 31, 2007.
- Since July 24, 2006, when investing began with stabilization fund money, it has earned 6.04-percent interest on funds in dollars, 3.52 percent on euro and 5.62 percent on pounds.
- The fund lost 160 million rubles between December 15 and 31, 2007, in foreign exchange rate changes.
