reserves

Finance December 8, 2017

Russia’s Reserve Fund has come to end

As it was announced on Thursday, December 7th, by Russian Minister of Finance, Anton Siluanov, the Reserve Fund of Russia will be fully spent in 2017, and 662 billion rubles ($11 billion – RRT) will be taken from the National…

Crisis, Finance May 24, 2017

Russian Minister of Finance: Russia’s Reserve Fund will be fully spent in 2017

As Russian Minister of Finance Anton Siluanov told journalists, the Reserve Fund of the Russian Federation will be fully spent in 2017.

Crisis, Economy, Finance December 8, 2016

Second last trillion was taken out of Russia’s Reserve Fund

After a pause that lasted 3 months, the Ministry of Finance resumed spending of the Reserve Fund.

Crisis, Economy, Finance September 2, 2016

Rate of spending of Reserve Fund will double

According to the Bank of Russia, the pace of spending money from the Reserve Fund will be doubled: from 0.8 trillion rubles ($12 billion – RRT) in the first half of 2016 to 1.6 trillion rubles ($24 billion – RRT)…

Crisis, Finance August 26, 2016

Kremlin acknowledged impossibility of supporting national currency

The current volume of Russia’s foreign currency reserves does not allow the government to intervene in order to maintain the ruble exchange rate in the current situation. As it was stated by president’s assistant Andrei Belousov, the only way of influencing…

Crisis, Economy, Government August 1, 2016

Ministry of Finance: Lack of reforms will lead to lack of money for salaries in 2018

Without reforms, the reserves of Russia’s economy may end by the end of 2017, said Deputy Finance Minister Tatyana Nesterenko.

Export, Georgia, Natural gas February 4, 2016

American company found 5 trillion cubic metres of gas in Georgia

5.3 trillion cubic metres of natural gas (which is approximately 15% of Gazprom’s reserves) were discovered in South Kakheti (Georgia). This was stated by the head of the American company Frontera Resources Steve Nikandros, reports Rambler News Service.

Real Russia Today

Things you won't hear from propaganda-driven media