MOSCOW, Feb 6 (Reuters) - Russia's Finance Ministry said
on Monday that the country's National Wealth Fund (NWF) stood at
$155.3 billion as of Feb. 1, equivalent to 7.2% of gross
domestic product and up from $148.4 billion a month earlier.
The ministry said it spent 38.5 billion roubles ($543
million) of Chinese yuan and gold from the NWF in January to
cover the government's budget deficit during the month.
Russia's NWF is a rainy day fund built up from years of
Russia's profits on oil and gas exports.
($1 = 70.90 roubles)
(Reporting by Reuters)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.