AIRLINK 70.70 Decreased By ▼ -2.36 (-3.23%)
BOP 4.98 Decreased By ▼ -0.11 (-2.16%)
CNERGY 4.32 Decreased By ▼ -0.05 (-1.14%)
DFML 31.39 Decreased By ▼ -1.06 (-3.27%)
DGKC 76.80 Increased By ▲ 1.31 (1.74%)
FCCL 20.01 Increased By ▲ 0.49 (2.51%)
FFBL 35.02 Decreased By ▼ -1.13 (-3.13%)
FFL 9.14 Decreased By ▼ -0.08 (-0.87%)
GGL 9.89 Increased By ▲ 0.04 (0.41%)
HBL 113.47 Decreased By ▼ -3.23 (-2.77%)
HUBC 132.71 Increased By ▲ 0.02 (0.02%)
HUMNL 7.10 No Change ▼ 0.00 (0%)
KEL 4.32 Decreased By ▼ -0.09 (-2.04%)
KOSM 4.35 Decreased By ▼ -0.05 (-1.14%)
MLCF 36.65 Increased By ▲ 0.45 (1.24%)
OGDC 134.25 Increased By ▲ 0.75 (0.56%)
PAEL 22.45 Decreased By ▼ -0.15 (-0.66%)
PIAA 24.80 Decreased By ▼ -1.21 (-4.65%)
PIBTL 6.52 Decreased By ▼ -0.03 (-0.46%)
PPL 117.86 Increased By ▲ 2.55 (2.21%)
PRL 26.32 Decreased By ▼ -0.31 (-1.16%)
PTC 13.81 Decreased By ▼ -0.29 (-2.06%)
SEARL 52.50 Decreased By ▼ -0.95 (-1.78%)
SNGP 68.71 Increased By ▲ 1.46 (2.17%)
SSGC 10.68 Decreased By ▼ -0.02 (-0.19%)
TELE 8.48 Increased By ▲ 0.06 (0.71%)
TPLP 10.90 Increased By ▲ 0.15 (1.4%)
TRG 61.28 Decreased By ▼ -2.59 (-4.06%)
UNITY 25.13 Increased By ▲ 0.01 (0.04%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)
BR100 7,448 Decreased By -12.9 (-0.17%)
BR30 24,137 Decreased By -34.4 (-0.14%)
KSE100 71,140 Increased By 37.4 (0.05%)
KSE30 23,402 Increased By 7.2 (0.03%)
World

Russia's wealth fund could grow by up to $2.7bn per month, Putin says

  • Russia's federal budget could get a boost of more than 2 trillion roubles ($27 billion) from additional revenues this year if oil prices and the rouble exchange rate remain at current levels, the finance ministry said earlier on Thursday.
Published March 11, 2021

MOSCOW: Russia's National Wealth Fund, a rainy-day cushion accumulating oil revenues, could grow by 180-200 billion roubles ($2.45-$2.72 billion) a month under current market conditions, President Vladimir Putin said on Thursday.

Russia's federal budget could get a boost of more than 2 trillion roubles ($27 billion) from additional revenues this year if oil prices and the rouble exchange rate remain at current levels, the finance ministry said earlier on Thursday.

These additional funds would be transferred to Russia's National Wealth Fund, the ministry added.

Comments

Comments are closed.