MOSCOW, June 2 (RIA Novosti) - Russia's Reserve Fund stood at $129.3 billion and the National Prosperity Fund at $32.6 billion as of June 1, the Finance Ministry said on Monday.
The two funds were set up on the basis of the Stabilization Fund, established to accrue windfall oil revenue.
Russia's Finance Ministry divided the Stabilization Fund into the Reserve Fund designed to cushion the federal budget in the event of an oil price plunge, and the National Prosperity Fund, designed to help Russia carry out pension reforms, on February 1.
According to the Finance Ministry's investment formula, U.S. dollars account for 45% of the funds' foreign currency, euros make up 45%, and British pounds 10%.
