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Economics
14.02.2013
Russian Government Established Order of Putting Oil and Gas Revenues-2012 to Reserve Fund
According to the Federal Law № 371-FZ of November 30th, 2011 “On the Federal Budget for 2012 and the Planning Period of 2013 and 2014”, the government of Russia has prepared a Decree № 68 of January 30th, 2013 “On the Order of Putting Oil and Gas Revenues Received during Federal Budget Execution in 2012 to the Reserve Fund”.
According to the Federal Law № 371-FZ of November 30th, 2011 “On the Federal Budget for 2012 and the Planning Period of 2013 and 2014”, the government of Russia has prepared a Decree № 68 of January 30th, 2013 “On the Order of Putting Oil and Gas Revenues Received during Federal Budget Execution in 2012 to the Reserve Fund”.The resolution provides that the amount of oil and gas revenues put to the Reserve Fund is estimated as the difference between the amount of oil and gas revenues received during federal budget execution in 2012 when it is over 5553024193.1 thousand and the amount of oil and gas revenues used in 2012 to repay government loans of the Russian Federation and (or) proceeds from the sale of shares and other forms of interest owned by the Russian Federation.