MOSCOW, September 15 (RIA Novosti) – Russia will save 309 billion rubles, or about $8.2 billion, in 2015 as a result of a retirement pension funding reform, and will use part of the money to support the banking and energy industry, if necessary.
"Next year, as a result of the introduced moratorium on the funded component of pensions we will save 309 billion rubles, which will be included in the budget," – Russian Finance Minister Anton Siluanov said Monday.
Siluanov added that part of the money will be used to form the so-called anti-crisis reserve, which will serve to offer all the necessary support to key companies in the financial and oil and gas sector.
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