OREANDA-NEWS. June 02, 2010. The aggregate amount of the Reserve Fund was 1 197.66 billion rubles, which is equivalent to 39.27.90 billion US dollars. As of June 1, 2010, amounts of balances in separate accounts to record funds of the Reserve Fund were:
18.07 billion US dollars
12.42 billion euros;
3.04 pounds sterlings.

In May of 2010, financial resources of the Reserve Fund were not used to balance the federal budget.

As of June 1, 2010, Russia’s reserve position in the IMF formed through the Reserve Fund’ financial resources amounted to 991.94 million SDRs.

The aggregate calculated income from placing funds of the Reserve Fund recalculated in dollars for a period from January 15, 2009, to May 31, 2010, was 0.34 billion US dollars, which is equivalent to 10.38 billion rubles. The exchange rate difference from recalculating balances of funds in accounts to record funds of the Reserve Fund in foreign currency for a period from January 15, 2009 to May 31, 2010 was a negative value of (-)77.84 billion rubles. The exchange rate difference from recalculating funds invested in the reserve position of the Russian Federation in the IMF was-(-) 1.53 billion rubles.

As of June 1, 2010, 2.75 billion US dollars and 434.02 billion rubles were transferred from the account to record funds of the National Wealth Fund to be deposited with Vnesheconombank and out of this amount:
285.61 billion rubles to be deposited for a period up to December 31, 2019, with an interest rate of 7% per annum;
118.42 billion rubles to be deposited for a period up to December 25, 2020, with an interest rate of 8.5 per annum
30.00 billion rubles to be deposited for a period up December 25, 2017, with an interest rate 8.5 per annum (in December of 2009 – 10 billion rubles);
2.75 billion US dollars to be deposited for a period up to July 1, 2011, with a floating interest rate exceeding LIBOR six-month rate by 2.75 percentage points.

As of June 1, 2010, the aggregate amount of the National Wealth Fund was 2 .616.54 billion rubles, which is equivalent to 85.80 billion US dollars. As of June 1, 2010, amounts of balances were:

1)     In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:
31.86 billion US dollars;
24.67 billion euros;
4.48 billion pounds sterlings;

2)     on deposits with Vnesheconombank:
434.02 billion rubles
2.75 billion US dollars

Financial resources of the National Wealth Fund in the amount of 0.01, which were not used this April to co-finance the formation of pension savings funds of insured persons who paid additional insurance premiums on the funded portion of their labor pension in 2009 were converted in foreign currency. Conversion transactions were conducted under the currency scheme approved earlier at official exchange rate of foreign currencies set by the Bank of Russia as of the date of these transactions and didn’t have any impact on the currency market conditions.

The aggregate calculated income from placing funds of the National Wealth Fund recalculated in dollars for a period for a period from January 15, 2009, up to May 31, 2010, was 0.51 billion US dollars, which is equivalent to 15.59 billion rubles. The exchange rate difference from recalculating balances of funds in accounts to record funds of the National Wealth Fund in foreign currency for a period from January 15, 2009 up to May 31, 2010, was a negative value of (-)109.05 billion rubles. The exchange rate difference from recalculating funds placed on Vnesheconombank’s deposits was – (-) 2.97 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.