Russia's investment fund to grow to $5.4 billion by 2007 - Gref

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Russia's investment fund will reach at least 145 billion rubles (about $5.37 billion) by 2007, the economic development and trade minister said Monday.
MOSCOW, July 10 (RIA Novosti) - Russia's investment fund will reach at least 145 billion rubles (about $5.37 billion) by 2007, the economic development and trade minister said Monday.

German Gref said the 2007 federal budget had already set aside 95 billion rubles ($3.5 billion) for investment purposes and the government would add another 50 billion rubles ($1.85 billion) unused in 2006.

"Therefore, the investment fund will reach an accrued 145 billion rubles," Gref said.

The minister added that the investment fund could receive extra money from the pre-schedule payment of Russia's debt to the Paris Club of Creditor Nations.

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