January 11, 2005 |
|Russia's Stabilization Fund, which has received additional revenue due to higher oil prices, was estimated at 522.3 billion rubles on December 30, a Finance Ministry official told Interfax. |
An earlier estimate on December 1 put the fund's size at 462.6 billion rubles. Thus, the size of the fund has exceeded the basic level of 500 billion rubles needed to start investing amounts above that level.
The original size of the Stabilization Fund totaled 106 billion rubles when it was set up on February 1, 2004 with the balance of the 2003 budget.