MOSCOW, September 14 (RIA Novosti) - The Russian Finance Ministry said Sunday it did not plan any cash injections in the country's Reserve Fund by the end of 2014, adding chances for allocations in 2015 were just as slim.
"We are not going to beef up the Reserve Fund this year because we plan to substitute for all oil and gas revenues, as well as the missing incomes from foreign and domestic loans… There used to be plans for a small contribution [ to the RF], but they have been scrapped. We prefer to get smaller loans. The price of domestic loans on [Federal Loan Bonds] has reached about 10 percent, and we don't want to borrow at such a price," Russia's Finance Minister Anton Siluanov told journalists.
"It's very unlikely that we'll add any funds to the Reserve Fund next year either," Siluanov added.
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