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Russia's special-purpose investment fund could receive Rub 35-37 bln ($1.2-1.3 bln) in 2007 (More) Russia's July international currency reserves jumped 6% or $15.1 bln, to reach $265.6 bln. These figures were shown in a press released posted on the web site of the Central Bank of Russia. (More) Cash surplus was 8.7% of GDP in January-June, 2006. (More) Russia's foreign trade surplus was $86.2 bln in H106. (More) FSB and Defense Ministry to Develop Kuriles (More) On July 4-6th, 2006 the working trip of Minister of economic development and trade of the Russian Federation G.O.Gref to Kingdom Netherlands took place (More) |
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News about Russia 
News / Russia's special-purpose investment fund could receive Rub 35-37 bln ($1.2-1.3 bln) in 2007 |  |
| Russia's special-purpose investment fund could receive Rub 35-37 bln ($1.2-1.3 bln) in 2007 following the country's premature repayment of its debt to the Paris Club of Creditors, Deputy Economic Development and Trade Minister Kirill Androsov told the media Tuesday. Funds saved on interest payments will reach $1.3 bln, he said. "We are hopeful that a final decision will be adopted to allocate these resources to the country's investment fund" – the deputy economy minister claimed, adding that "an agreement in principle had already been reached with the Russian Finance Ministry, but the final decision has yet to be documented". Thus, Russia's investment fund will reach Rub 180-190 bln ($6.4-6.7 bln) in 2007, Kirill Androsov pointed out. Source: Finam | |