The Stabilization Fund amounted to RUR617.9 bln, as of July 1, 2005. Thus, in June its size decreased by RUR336.6 bln. This was the first reduction since the fund’s creation in 2004.
The source said the reduction was partially due to early repayment of Russia’s debt to the Paris Club of creditors. The first payments were made on June 30. The overall amount of early repayment should amount USD15 bln by August 20, 2005.
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