SpyLOG
USD26/0531.7572+0.1325
EUR26/0539.8426+0.0745
RTS25/051272.38-0.02%
MICEX13/091501.99+0.59%
RIA Novosti

Russia

Russian finance chief says economy's fate depends on world trends

"If there is not a second wave globally, we will not have one either"
13:35 17/09/2009

Related News

MOSCOW, September 17 (RIA Novosti) - Russia will avoid a second wave of the economic crisis if the global economy remains stable, the finance minister said on Thursday.

"If there is not a second wave globally, we will not have one either," Alexei Kudrin told the upper house of parliament.

He said Russia's financial system was now relatively stable, with 150 billion rubles ($5 billion) set aside for additional capitalization of the banking system in 2009.

However, a Russian presidential aide said earlier in the day that there are no grounds to say that Russia has survived the worst of the crisis and that economic growth is stable.

The country's GDP reported slight growth for the first time in August after falling for almost a year. Arkady Dvorkovich said the risks "are still high and as yet there are no signs of stable growth."

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA Novosti"If there is not a second wave globally, we will not have one either"Russian finance chief says economy's fate depends on world trends

13:35 17/09/2009 Russia will avoid a second wave of the economic crisis if the global economy remains stable.>>

Send by e-mail

All fields are required!

Leave a comment






    Рейтинг@Mail.ru  Rambler's Top100
    © 2012 RIA Novosti