Support The Moscow Times!

Russian Finance Minister Expects to Leave Reserve Fund Untouched in 2015

Russia's Finance Minister Anton Siluanov speaks during the Reuters Russia Investment Summit in Moscow.

Russian Finance Minister Anton Siluanov does not expect the ministry will have to tap the budget's Reserve Fund next year, but it allowed for such an option in the budget, he told the VTB Capital Russia Calling investment conference on Thursday.

The 2015-2017 budget, approved last week, allows for spending of up to 500 billion rubles ($12.7 billion) from the Reserve Fund, which as of Sept. 1 stood at $91.7 billion.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.