Storchak: Reserve Fund may be depleted in next year

Russia’s Reserve Fund may be depleted in 2017, the Russian Deputy Finance Minister Sergey Storchak said.

"Yes, it is possible," he said when asked whether the Reserve Fund may be depleted next year.

Russian Finance Minister Anton Siluanov said earlier that there is a danger that the country's vast Reserve Fund could be entirely exhausted in 2016 if oil prices stay at their current level.