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Russia's Stabilization Fund to double in 2006 - minister

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Russia's Stabilization Fund, established in 2004 to accumulate the country's windfall oil revenues, will increase by 112% in 2006, to $93.3 billion, the Russian Finance Minister said Friday.
BEIJING, October 13 (RIA Novosti) - Russia's Stabilization Fund, established in 2004 to accumulate the country's windfall oil revenues, will increase by 112% in 2006, to $93.3 billion, the Russian Finance Minister said Friday.

The Stabilization Fund totaled $44 billion as of January 1, and stood at $70.7 billion as of October 1.

Alexei Kudrin, on the first day of his working visit in China, said the Stabilization Fund is expected to grow to $159.9 billion in 2007, $209.4 billion in 2008, and $245.5 billion in 2009.

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