OREANDA-NEWS.  January 12, 2012. Russia’s Finance Ministry hereby informs about the results of investing funds of the Reserve Fund and the National Wealth Fund as of January 1, 2012

The Reserve Fund

The aggregate amount of the Reserve Fund was 811.52 billion rubles, which is equivalent to 25.21 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:

11.08 billion US dollars

9.04 billion euros;

1.58 billion pounds sterlings.

The aggregate calculated income from placing funds of the Reserve Fund recalculated in dollars in the Bank of Russia’s foreign currency accounts for a period from January 15, 2011, to December 31, 2011, was 0.49 billion US dollars, which is equivalent to 15.62 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to December 31, 2011 was a positive value of 36.61 billion rubles.

The National Wealth Fund

In December of 2011, under Federal Law dated October 13, 2008 № 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation” and the Russian Government’s Resolution dated January 19, 2008 № 18, financial resources of the National Wealth Fund worth 19.00 billion rubles were placed on Vnesheconombank’s deposits in order to extend a credit to the Mortgage Housing Lending Agency.

The aggregate amount of the National Wealth Fund was 2 .794.43 billion rubles which is equivalent to 86.79 billion US dollars including:

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

27.72 billion US dollars;
24.20 billion euros;
4.40 billion pounds sterlings;

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

The aggregate income from placing the Fund’s monetary resources on Vnesheconombank’s deposits from January to December of 2011 was 30.03 billion rubles which is equivalent to 1.01 billion dollars.

The aggregate calculated income from placing funds of the National Wealth Fund recalculated in dollars in the Bank of Russia’s foreign currency accounts for a period from January 15 to December 31, 2011, was 1.28 billion US dollars, which is equivalent to 41.10 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to December 31, 2011 was a positive value of 91.56.00 billion rubles and the exchange rate difference from recalculating funds placed on Vnesheconombank’s deposits in US dollars was 10.75 billion rubles.

Indicators of the aggregate amount of the Reserve Fund and the National Wealth Fund as well as of calculated incomes 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.