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Stabilization fund up $4.14 billion in March - Finance Ministry

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Russia's Stabilization Fund saw month-on-month growth of 115 billion rubles ($4.14 billion) or 7.3%, to reach 1,677 billion rubles ($60.38 billion at the current exchange rate) as of April 1, the country's finance ministry said Monday.

MOSCOW, April 3 (RIA Novosti) - Russia's Stabilization Fund saw month-on-month growth of 115 billion rubles ($4.14 billion) or 7.3%, to reach 1,677 billion rubles ($60.38 billion at the current exchange rate) as of April 1, the country's finance ministry said Monday.

As of January 1, 2006, the fund, established to accumulate surplus revenue from high world oil prices, stood at 1,237 billion rubles ($44.15 billion), putting growth since the beginning of the year at 36%.

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