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Russian exports in 2004 could total USD 150 billion, with a favorable trade balance of USD billion expected
The Russian Vice-Minister Alexander Zhukov told a conference entitled 'Corporate Management and Economic Growth in Russia' that the government has worked out mechanisms 'which would neutralize the impact of a fall in oil prices on the Russian economy. Favorable world circumstances have had a positive impact on the country's earnings.' According to Zhukov, it has been proposed that a stabilization fund totaling USD 4-5 billion be established in 2004. Currently, the stabilization fund is growing faster that planned. He said that by the end of 2004 the fund could total no less than USD 10 billion.
Print Russian exports in 2004 could total USD 150 billion, with a favorable trade balance of USD billion expected Bookmark Russian exports in 2004 could total USD 150 billion, with a favorable trade balance of USD billion expected

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