Information Message on the Results of Investing Funds of the Reserve Fund and the National Wealth Fund

Russia’s Finance Ministry hereby informs about the results of investing funds of the Reserve Fund and the National WealthFund from January 1 to June 30, 2014.

The Reserve Fund

As of July 1, 2014 the aggregate amount of the Reserve Fund was 2 937.00billion rubles which is equivalent to 87.33 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:

38.08 billion US dollars;
29.40 billion euros;
5.40 billion pounds sterlings.

The aggregate calculated income from placing funds of the Reserve Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to June 30, 2014 was0.26 billion US dollars, which is equivalent to 8.90 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts for a period from January 1 to June 30, 2014 was 77.28 billion rubles.

The National Wealth Fund

As of July 1, 2014, the aggregate amount of the National Wealth Fund was 2 957.38 billion rubles which is equivalent to 87.94 billion US dollars including:

1) In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:

24.46 billion US dollars;
24.00 billion euros;
4.36 billion pounds sterlings;

2) 474.02 billion rubles and 6.25 billion US dollars were deposited with Vnesheconombank.

3) under an individual decision by the Russian Government 3.00 billion US dollars were placed in debt instruments of foreign states without placing demands on long-term credit ratings.

The aggregate calculated income from placing funds of the National Wealth Fund in foreign currency accounts of the Bank of Russia recalculated in dollars for a period from January 15 to June 30, 2014, was 0.20 billion US dollars, which is equivalent to 6.68 billion rubles. The exchange rate difference from recalculating monetary resources of the Fundfrom January 1 to June 30, 2014 was66.11 billion rubles including:

balances in foreign exchange accounts with the Bank of Russia – 57.77 billion rubles;
funds deposited with Vnesheconombank in US dollars – 5.64 billion rubles;
funds placed in debt instruments of foreign states under a separate decision of the Russian Government without placing demands on long-term credit ratings – 2.70 billion rubles.

In June of 2014, incomes from placing financial resources of the National Wealth Fund on Vnesheconombank’s deposits were transferred in the federal budget in the amount of1.56 billion rubleswhich is equivalent to 0.05billion US dollars.The aggregate income from placing financial resources of the Fund on Vnesheconombank’s deposits from January to June of 2014 was 15.19 billion rubles which is equivalent to 0.45 billion US dollars.

b)in debt instruments of foreign states under a separate decision of the Russian Government without placing demands on long-term credit ratings in the amount of 73.33 million US dollars which is equivalent to 2.51 billion rubles.

Indicators of the aggregate amount of the Reserve Fund and the National Wealth Fund as well as of calculated incomes (losses) from placing funds of the Reserve Fund and the National Wealth Fund were calculated on the basis of official exchange rates of foreign currencies set by the Bank of Russia as of the date prior to the reporting date and of cross rates calculated on the basis of the said exchange rates.

Detailed statistics on transactions with funds of the Reserve Fund and the National Wealth Fund is posted on the Internet site of the Russian Finance Ministry in the following sections: “The Reserve Fund” and “The National Wealth Fund” in appropriate subsections in Russian and English, the statistics is updated on a regular basis.

Origin: Press Service of Russia’s Finance Ministry

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