Announcement of results of the placement of the Reserve Fund and National Welfare Fund

2 December 2015, Wednesday

In November 2015, in accordance with the Federal Law of December 1st, 2014 "On the Federal Budget for 2015 and the planning period of 2016 and 2017" and the Order of the Russian Ministry of Finance dated 17 July 2015 "On the use of the Reserve Fund in foreign currency for financing federal budget deficit in 2015, "part of the Fund's foreign currency accounts with the Bank of Russia in the amounts of 2.39 bln. US $ 2.22 bln. euro 0.35 bln. pounds were sold for 350 billion rubles and deposited into a single account of the federal budget in order to finance its deficit.

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