Separation of the stabilization fund will remove Russia from the "oil needle"

Government Regulation igry29-11-2007 division of the stabilization fund will remove Russia from the 'oil needle "Today, Vice Premier and Finance Minister Alexei Kudrin said on January 1, 2008 Stabilisation Fund will amount to 3.836 trillion rubles. However, a month later, he would cease to exist. In its place, any Reserve Fund, which will have 8.069 trillion rubles, and the National Welfare Fund - 767.8 billion rubles. According to experts, a division of the stabilization fund will lead the country out from under the "oil dependency". April 25, 2007, Russian President Vladimir Putin delivered an address to both houses of Russian parliament and a key theme of his message was the concept of the stabilization fund. On the one hand, the President reaffirmed the separation of super-profits from hydrocarbon exports into three parts, as proposed originally Kudrin: the Reserve Fund, designed to minimize the risks of the economy of a sharp drop in world energy prices and aimed at maintaining macroeconomic stability and inflation control, transfer (payment ) federal budget for the implementation of large-scale social programs, fund for future generations, or a savings fund, which will be credited to all oil and gas revenues.