The Russian Ministry of Finance does not plan to change the design of the budget rule in the near future. This was “reported by”Izvestia» Minister of Finance Anton Siluanov.
“A new design of the rule has been adopted for the next three-year period,” he said, explaining that there are no plans to change it in the near future.
According to the head of the department, the budget rule aims to determine the maximum level of expenditure and establish the National Welfare Fund reserves in an appropriate environment. Siluanov noted that the new design envisages the transfer of oil revenues to the National Welfare Fund (NWF) at a price of over $60 per barrel.
12 December Ministry of Finance of the Russian Federation stated About a new reduction in the volume of the National Welfare Fund.
Before that Siluanov named Possible financial threats to Russia next year.
Formerly US Treasury entry Sanctions against a Russian woman who helped oligarchs launder money.