Russia’s Oil Reserve Fund Received Cash Injection
Russia’s oil reserve fund increased to 1,863 billion rubles (US$ 61.36 billion) from 811.5 billion rubles in January. The oil reserve fund received a one-time cash injection since the Russian Government ran a fiscal surplus in 2011. The reserve fund has grown large in its early times and shrunk during the financial crisis. Russia has two major sovereign funds, the other fund is the National Welfare Fund.
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