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Russia's Reserve Fund stood at 3.069 trillion rubles ($129.7 billion),
Russia's Reserve Fund stood at 3.069 trillion rubles ($129.7 billion), and the National Prosperity Fund reached 773.8 billion rubles ($32.7 billion) as of May 1, 2008, the Finance Ministry said on Sunday.

The country's Reserve and National Prosperity funds stood at 3.068 trillion rubles ($129.67 billion) and 773.6 billion rubles ($32.7 billion), respectively, on April 1, 2008.

Accordingly, in April the Reserve Fund grew about 1 billion rubles ($42.27 million), and the National Prosperity Fund by 0.25 billion rubles ($10.57 million).

The funds were established on the basis of the Stabilization Fund, set up to accrue windfall oil revenue.

According to the Finance Ministry's investment formula, U.S. dollars account for 45% of the funds' foreign currency, euros make up 45%, and British pounds 10%.


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