Russia's Reserve Fund shrank by $9.4 billion in December

January 13, 2016 3:30 PM

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MOSCOW Jan 13 Russia's budget Reserve Fund shrank by $9.4 billion in December, finance ministry data showed on Wednesday, as the government tapped the fund to cover its budget deficit.

The size of the fund was $49.95 billion on Jan. 1, down from $59.35 billion on Dec. 1.

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