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Thursday, December 20, 2007

Gov't approves rules for use of oil and gas revenues

BRIEFLY RBC, 19.12.2007, Moscow 14:55:16 - The Russian government has approved the rules on the creation and use of oil and gas fiscal revenues, oil and gas transfers, the Reserve Fund and the National Welfare Fund. Russian PM Viktor Zubkov signed the decree on Monday, the cabinet's press service reported today. The Finance Ministry was assigned to ensure the transfer of funds from Russia's Stabilization Fund to the Reserve Fund and the National Welfare Fund by February 1, 2008.

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