Reserve Fund up $ 970 million in June, National Welfare Fund increases by $ 1 billion - MinFin

Russia's Reserve Fund stood at 1.985 trillion rubles on July 1, 2012 ($60.5 billion) while the National Welfare Fund came to 2.81045 trillion rubles ($85.64 billion), the Finance Ministry said in a statement.

It was earlier reported that the Reserve Fund came to 1.95388 trillion rubles ($60.21 billion) on June 1, 2012 while the National Welfare Fund stood at 2.77378 trillion rubles ($85.48 billion).

Therefore, the Reserve Fund increased by 31.57 billion rubles ($ 970 million) in June while the National Welfare Fund  expanded by 36.67 billion rubles (more than $ 1 billion).

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