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Russia's Reserve Fund grows to $16.71 bln as of July 1

MOSCOW, July 4 (Reuters) - Russia's Reserve Fund increased to $16.71 billion as of July 1 from $16.50 billion a month earlier, finance ministry data showed on Tuesday.

The finance ministry also said the National Wealth Fund, which is designed to help balance the pension system, stood at $74.22 billion as of July 1, versus $74.18 billion as of June 1. (Reporting by Andrey Ostroukh; editing by Maria Kiselyova)