Reserve Fund

Russia buying gold

Russia should increase a share of gold in its state reserves to beef up national security, the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said. "The Bank of Russia and other countries give …

Putin signs law on merger of Reserve Fund and NWF

Russian President Vladimir Putin signed a law on a new fiscal rule, as well as a merger of the Reserve Fund and the National Welfare Fund. The text of the decree was placed on the official internet portal of legal …

Reserve Fund of Russia decreased by one third in a year

The volume of the Russian Reserve Fund has decreased by 36.4% in comparison with the volume in 2015. On February 1st its size was 3.737 trillion rubles, information posted on the website of the Ministry of Finance stated. The amount of the …

Retirement age in Russia could be raised next year

The retirement age in Russia may be raised from next year, otherwise the Reserve Fund and National Welfare Fund could end in 2018. According to Vedomosti newspaper, the Finance Ministry is suggesting the retirement age in Russia ...