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Russia's Stabilization Fund may exceed $52.5 billion by the end of 2005
Russia's Stabilization Fund may exceed $52.5 billion by the end of 2005, Deputy Finance Minister Tatyana Golikova said Thursday. According to ministry data, the Stabilization Fund totaled $38.3 billion as of November 1. The fund, established on January 1, 2004, absorbs revenue from oil export sales when oil prices exceed a cut-off price, currently set at $27 per barrel.
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