ST. PETERSBURG, May 25 (RIA Novosti) - Russia's state debt will be brought down to 12% of gross domestic product in the next two years, compared with the 2005 level of 20%, the finance minister said Thursday.
Alexei Kudrin said, "In the next two years, we plan to reduce state debt to 12% of GDP. This means that we have removed all risks on the debt, which in 1998 [the year of Russia's financial crisis] were considered very high."
