Russia prepared to pay entire foreign debt to Paris Club ahead of schedule
Pravda
9/29/2005 10:42
Some of the club members, however, would like Russia to stick to the usual scheme of the debt payment
During the annual Moscow conference "Investments in Russian economy: a key to success" organized by international financial group Brunswick UNS, Russian PM Mikhail Fradkov and Minister of Finance Aleksey Kudrin made several important statements concerning the present economic situation in Russia and perspectives of the nation's economic development. Fradkov, in particular, described the situation in Russian economy as stable and confirmed that the government rejected using resources of the Stabilization Fund as it
may worsen national measures. At the same time he told about the government's plans to simplify and unify the taxation administration procedures. Aleksey Kudrin in his turn assured that the government would be able to stay within the planned limits of inflation this year and highlighted the policy of anticipated payment of foreign debt. He claimed that Russia was ready to pay the remaining debt to Paris Club at single stage, which does not coincide yet with the plans of some of the members of this organization.
9/29/2005 10:42
Some of the club members, however, would like Russia to stick to the usual scheme of the debt payment
During the annual Moscow conference "Investments in Russian economy: a key to success" organized by international financial group Brunswick UNS, Russian PM Mikhail Fradkov and Minister of Finance Aleksey Kudrin made several important statements concerning the present economic situation in Russia and perspectives of the nation's economic development. Fradkov, in particular, described the situation in Russian economy as stable and confirmed that the government rejected using resources of the Stabilization Fund as it
may worsen national measures. At the same time he told about the government's plans to simplify and unify the taxation administration procedures. Aleksey Kudrin in his turn assured that the government would be able to stay within the planned limits of inflation this year and highlighted the policy of anticipated payment of foreign debt. He claimed that Russia was ready to pay the remaining debt to Paris Club at single stage, which does not coincide yet with the plans of some of the members of this organization.
