OREANDA-NEWS. On June 03, 2008 according to FinMin, reserve fund reached RUB 3,07tn (USD 129,3bn), almost flat from May 1 when reserve fund stood at RUB 3,069tn.

National Welfare Fund declined by 1,13% to RUB 773,93bn as of June 1 from RUB 782,8bn as of Jan 31.

Balances in FX currencies reached USD 56,95bn, EUR 38,57bn and GBP 1,62bn.

In January Russian Stabilization Fund was officially split into 2 funds: Reserve Fund and National Welfare Fund.

As of Jan 30 2008 Stabilization fund amounted to RUB 3,851.8bn (USD 157,38bn), while Reserve Fund as of Jan 31 amounted to RUB 3,069bn and National Welfare Fund to RUB 782.8bn. Stabilization Fund was created on Jan 1 2004 to accumulate the budget's extra revenues from export duties on Urals blend oil, which are generated from oil prices exceeding USD 27 per barrel threshold.