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…
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)…
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…
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.