On January 4, 2018, Russia’s finance ministry mentioned it had absolutely spent its reserve fund, as deliberate, in late 2017 to cowl finances shortfalls. The finance ministry mentioned it transformed international foreign money it had in its reserve fund into rubles and channeled greater than 1 trillion rubles ($17.53 billion) to cowl finances deficit in December. The National Wealth Fund, which is designed to assist stability the pension system, fell to $65.15 billion as of Jan. 1. from $66.94 billion as of Dec. 1. The reserve fund is a part of the nation’s gold and foreign exchange reserves that stood at $432 billion

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