MOSCOW (Dow Jones)--The assets in Russia's Stabilization Fund rose to RUB3.849 trillion rubles ($157.50 billion) as of Jan. 1, up from RUB3.517 trillion the previous month, Interfax news agency reported Wednesday, citing a release from the Finance Ministry.
The fund, which was established at the start of 2004, accumulates the federal budget's excess oil revenue.
At present, oil royalties and customs duties are divided into two, with a percentage of revenue from oil up to $27 a barrel transferred to the federal budget, and a percentage of revenue from oil above $27 a barrel put toward the Stabilization Fund.