Monday December 1, 06:45 PM
Russia's oil wealth funds rise to $206.2 bln
MOSCOW, Dec 1 (Reuters) - Russia's two oil wealth funds totalled 5.76 billion roubles ($206.2 million) up from $197.4 billion a month ago, Finance Ministry data showed on Monday.
The Reserve Fund, which serves as a safety cushion for the budget and is set to stay at around 10 percent of Russia's GDP, totalled $132.6 billion, down from $134.60 billion on Nov 1.
The National Wealth Fund, earmarked for riskier investments, stood at $76.38 billion, up from $62.82 billion a month ago.
The Finance Ministry said that 365 billion roubles ($13.06 billion) of the National Wealth Fund's money had been put on deposits at state bank VEB.
(Reporting by Gleb Bryanski) ($1=27.94 Rouble) Keywords: RUSSIA FUNDS/
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