Russia plans to transfer about 100 billion roubles (roughly 2.8 billion U.S. dollars) to the Reserve Fund in 2014, instead of 300 billion roubles (8.6 billion U.S. dollars) as it previously planned, Russian Finance Minister Anton Siluanov told journalists on Tuesday.

“We were to transfer slightly more than 300 billion roubles this year,” he said. “According to our estimates, we will be able to transfer about 100 billion roubles.” The exact sum, in his words, was being specified.