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    Russian Stabilization Fund totals $64.7 bln - Finance Ministry

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    MOSCOW, August 31 (RIA Novosti) - Russia's Stabilization Fund, established to accrue surplus revenues from high world oil prices, stands at $64.7 billion as of September 1, 2006, the Finance Ministry said Thursday.

    As of August 1, 2006, the fund totaled $67.6 billion in rubles, and 400 billion rubles ($14.96 billion) in foreign currency.

    Russia fully repaid its debt to the Paris Club of Creditor Nations, worth $23.7 billion, August 18-21.

    Earlier, it was reported that on July 24, in line with the Russian Budget Code and a government resolution, the Finance Ministry started placing the fund's money.

    A total of 45% of the Stabilization Fund's money was placed in the Federal Treasury's accounts in Russia's Central Bank in U.S. dollars, 45% in euros and 10% in British pounds sterling.

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