ISBN: | 978-5-5139-5916-8 |
High Quality Content by WIKIPEDIA articles! The Stabilization fund of the Russian Federation (Russian: Стабилизационный фонд Российской Федерации) was established by resolution of the Government of Russia on January 1, 2004, as a part of the federal budget to balance the federal budget at the time of when oil price falls below a cut-off price, currently set at US$27 per barrel. In February 2008 the Stabilization Fund was split into a Reserve Fund, which is invested abroad in low-yield securities and used when oil and gas incomes fall, and the National Welfare Fund, which invests in riskier, higher return vehicles, as well as federal budget expenditures. The Reserve Fund was given $125 billion and the National Welfare Fund was given $32 billion.