13:43 GMT +317 January 2019
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    Stabilization Fund hits $77 bln as of July 1 - Finance Ministry

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    MOSCOW, July 4 (RIA Novosti) - Russia's Stabilization Fund stood at $76.9 billion as of July 1, a month-on-month increase of $5.13 billion, the Finance Ministry said Tuesday.

    The Stabilization Fund was established in 2004 to accumulate windfall profits from oil prices and hold back inflation by neutralizing an influx of petrodollars.

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