Russia News Net (Free subscription) | yesterday
MOSCOW Russia's central bank admitted on Wednesday it had spent $57.5-billion (U.S.) in two months on supporting the ruble, and Finance Minister Alexei Kudrin said allowing a mild weakening was...
Russia News Net (Free subscription) | 20/11/2008
MOSCOW -- Russia's central bank admitted yesterday that it had spent $57.5-billion (U.S.) in two months on supporting the ruble, and Finance Minister Alexei Kudrin said allowing a mild weakening was t...
Globe and Mail (Free subscription) | 20/11/2008
Russia's central bank admitted yesterday that it had spent $57.5-billion (U.S.) in two months on supporting the ruble, and Finance Minister Alexei Kudrin said allowing a mild weakening was the right decision in such circumstances.
People Daily (Free subscription) | 19/11/2008
Inflation in Russia will fall to around 8 percent in 2009 due to declining prices, Finance Minister Alexei Kudrin forecast Wednesday. "Indeed, prices in the Russian economy will be falling next year, and inflation will go down," Kudrin, who is also deputy prime minister, told the State Duma, the lower house of parliament. "In general, we expect it to keep up with the planned inflation...
Russia News Net (Free subscription) | 20/11/2008
... defend the deposits of our citizens in banks," he said.BUDGET DEFICIT NEXT YEAR?Finance Minister Alexei Kudrin said Russia could next year have its first budget deficit in a decade but the deficit would be covered by transferring cash from a rainy day fund, not from borrowing.Putin said he believed Russia's large gold and foreign exchange reserves and the funds it had accumulated...
Russia News Net (Free subscription) | 20/11/2008
... Top Sergei Karpukhin / ReutersCentral Bank chief Sergei Ignatyev, left, and Finance Minister Alexei Kudrin discussing the government's anti-crisis measures at a Duma session Wednesday. $57 Bln Spent on Ruble in 2 Months20 November 2008By Ethan Wilensky-Lanford / Staff WriterThe government offered the State Duma a breakdown Wednesday of how it is coping with the financial crisis, a...
Russia News Net (Free subscription) | 19/11/2008
Despite a plunge in stock markets, oil revenues and the ruble, Alexei Kudrin said Russia's vast reserves _ which have been accumulated in the 8-year-long oil boom _ "have laid a solid foundation for a stable macroeconomy and the rate of the national currency."
Russia News Net (Free subscription) | 19/11/2008
... could spend up to RUB 500 billion (approx. $19.2bn) from the Reserve Fund, Finance Minister Alexei Kudrin said today, noting that the amount could in reality be even higher. “We will determine the final figure after December 1, 2008,” he specified.The use of the Reserve Fund’s assets hinges entirely on oil prices, according to Kudrin. “With oil prices expected to average $50...
Russia News Net (Free subscription) | 19/11/2008
... 7 years even in the worst case.Despite a plunge in stock markets, oil revenues and the ruble, Alexei Kudrin said Russia's vast financial reserves - accumulated during the 8-year-long oil boom - "have laid a solid foundation for a stable macroeconomy and the rate of the national currency."Russian might tap the Reserve Fund for up to 500 billion rubles ($18 billion) next year to make...
The Washington Times (Free subscription) | 19/11/2008
Despite a plunge in stock markets, oil revenues and the ruble, Alexei Kudrin said Russia's vast reserves _ which have been accumulated in the 8-year-long oil boom _ "have laid a solid foundation for a stable macroeconomy and the rate of the national currency."
Miami Herald (Free subscription) | 19/11/2008
Minister: vast reserves protect Russian economyRussia's finance minister sought Wednesday to reassure investors and citizens that the economy will survive the global financial turmoil, thanks to ample gold and currency reserves.Despite a plunge in stock markets, oil revenues and the ruble, Alexei Kudrin said Russia's vast reserves - which have been accumulated in the 8-year-long oil boom...
Russia News Net (Free subscription) | 17/11/2008
Victory is sweet -- but short. As Cabinet officials from Finance Minister Alexei Kudrin to First Deputy Prime Minister Igor Shuvalov expressed hope that a Barack Obama win might be a first step forwar...
Russia News Net (Free subscription) | 17/11/2008
Victory is sweet -- but short. As Cabinet officials from Finance Minister Alexei Kudrin to First Deputy Prime Minister Igor Shuvalov expressed hope that a Barack Obama win might be a first step forwar...
Russia News Net (Free subscription) | 17/11/2008
Victory is sweet -- but short. As Cabinet officials from Finance Minister Alexei Kudrin to First Deputy Prime Minister Igor Shuvalov expressed hope that a Barack Obama win might be a first step forwar...
Russia News Net (Free subscription) | 17/11/2008
... Belarusian Deputy Prime Minister Andrei Kobyakov said. For his part, Russian Finance Minister Alexei Kudrin, who signed the document for Russia, said that some companies were already paying in rubles for Russian supplies. “We are going to extend the sphere of ruble payments, which should be regulated by intergovernmental agreements and relations with major importers. Our goal is to...
