12:51 GMT +311 December 2018
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    Putin against using Stabilization Fund for education

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    MOSCOW, March 24 (RIA Novosti) - Vladimir Putin said Friday that the Stabilization Fund should not be used to finance education.

    He said 5 billion rubles (about $180 million) had been allocated on education in 2005 and 15 billion rubles ($540 million) next year.

    "The government's Stabilization Fund should not be mentioned in vain, as these funds should be developed [at first]," Putin said.

    He also said the government should support universities and institutes that could effectively use funds.

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