Russian Reserve Fund falls by $6.36 bln in May

June 1, 2016 3:20 PM

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MOSCOW, June 1 Russia's Reserve Fund fell by $6.36 billion in May, the finance ministry said on Wednesday, as the ministry dipped into the fund to cover the budget deficit.

The ministry said the fund stood at $38.60 billion as of June 1, compared to $44.96 billion a month earlier.

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