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  Sunday, June 16, 2019
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The Pension Fund of Russia took out 30 billion rubles from the Stabilization Fund
The Pension Fund of Russia took out 30 billion rubles (about $1.04 billion) from the Stabilization Fund to bridge the cash gap due to the upcoming New Year's holidays in the country, the fund's head said Tuesday. "The revenues expected to be channeled into the federal budget on December 25-30 could not be immediately paid out as pensions," he said. According to Batanov, the government decided three or four days ago to bridge the Pension Fund's cash gap with Stabilization Fund money.
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