The Ministry of Finance announced the liquidation of the reserve fund
The Ministry of Finance of Russia. Photo: Er.ru The Ministry of Finance announced the liquidation of the reserve fund. The corresponding message is published on the website of the department. In December 2017, the ministry, the entire capital of the fund stored in foreign exchange accounts in Sberbank - $ 7.62 billion, 6.71 billion euros and 1.1 billion pounds, that is, only 1 trillion of 420 million rubles, was used to cover the federal budget deficit.