Financial news

Mr. Kudrin: In 2011 the Alternate Fund Can Be Replenished Again

27 апреля 2009 г.

The alternate fund might become almost gone through can by the end of the year 2010, vice-premier - has declared the Minister of Finance of the Russian Federation Mr. Alexey Kudrin. However, he has added, later on it might be accumulated again, provided that the oil price will be above 50 dollars for barrel for a long time, because it is the price above which the fund starts to amass.

Mr. Kudrin has not excluded, that the fund will begin to replenish in 2011.

The Minister of Finance also has confirmed that it is in the plan view that Russia would return to the market of external loans in 2010, to finance a budget deficit quota. While, as he said, it is early to speak - «what kind of market there will be and what will be the prices, how Russia will be related to and how we shall pass this troublesome year before the future release ".

Mr. Kudrin has noted, the Russian bonds will mainly be purchased by the top world banks, insurance funds and pension funds. To achieve favorable conditions of investment, Russia should “demonstrate satisfactory economical performance”, - the Minister of Finance has added.

Last time The Russian Federation put through the external loans – was in 1998.

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