MOSCOW, August 1 (RIA Novosti) - Russia's Reserve Fund was 3.04 trillion rubles ($129.8 billion) and its National Prosperity Fund was 766.48 billion rubles ($32.73 billion) as of August 1, the Finance Ministry said Friday.
On July 1, the Reserve Fund was 3.057 trillion rubles ($130.53 billion), while the National Prosperity Fund was 770.56 billion rubles ($32.9 billion).
Russia's Finance Ministry divided the former Stabilization Fund into the Reserve Fund, designed to cushion the federal budget in the event of an oil price plunge, and the National Prosperity Fund, designed to help Russia carry out pension reforms, on February 1 this year.
The Reserve Fund totaled 3.058 trillion rubles ($125.19 billion) when it was established on February 1, 2008, while the National Prosperity Fund stood at 783.3 billion rubles ($32 billion).
