Contingency fund Russia has grown since the beginning of the year at 600 billion rubles.

The size of the contingency fund in Russia has reached the moment, 4.7 trillion rubles. This statement was made by January 27, Vice Prime Minister and Finance Minister Alexei Kudrin, Russia, RIA Novosti reported. On 1 January 2009 in the Reserve Fund is 4027 trillion rubles. Thus, for an incomplete month, the fund increased by more than 600 billion rubles.
Kudrin added that the Fund's national well-being (FNB) is now more than 2.6 trillion rubles. In early December, the volume of the fund stood at 2.1 trillion rubles. In dollar terms in both the national fund is 210-215 billion.
According to Kudrin, the increase of the Reserve Fund is linked to changes in the ruble. The fund placed in the Ministry of Finance mainly in dollars, euros and British pounds sterling, but over the past few months, Central Bank gradually devalviroval the ruble against the dollar and euro.
Until February 2008 in Russia, there was a single State Stabilization, which was then divided into the Reserve Fund and the FNB. Funds are replenished by the additional revenue from high oil and gas prices on world markets. In February last year, the Reserve Fund was 3.05 trillion rubles, while FNB - 783 billion rubles. It was expected that part of the funds in 2009 will be put to combat the negative effects of the global financial crisis, in particular to cover the budget deficit.