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Latest Alexei Kudrin Stories

2009-09-05 08:47:46

The third quarter will mark the end of the recession as the Russian economy will grow, the country's finance minister says. In London Friday to attend a ministerial meeting of the BRIC union countries -- Brazil, Russia, India and China -- on the sidelines of a Group of 20 pre-summit conference, Russian Finance Minister Alexei Kudrin told reporters that the third quarter would mark the beginning of a turnaround in Moscow's hard-hit economy, RIA Novosti said. We still do not have the final data...

2009-05-27 12:03:40

Russian Finance Minister Alexei Kudrin said Russia expected to spend $10 billion on International Monetary Fund bonds to support struggling countries. Some EU countries and other economies have expressed their support for the enlargement of the IMF's financial resources. In turn, the IMF has offered a number of financial instruments that would be advantageous and suitable for countries that would be prepared for the time being to provide financial resources in the form of loans "¦ to...

2009-02-26 14:53:56

Russian Finance Minister Alexi Kudrin said government spending would increase in 2009 in spite of sharply falling revenues. Revenues for the Russian government are expected to drop 42 percent this year, the Moscow Times reported Thursday. Nevertheless, Kudrin said government spending would increase by about $14 billion to stimulate the economy. The increased spending will push the government's deficit to 8 percent of the country's gross domestic product, Kudrin said. The figures were compiled...

2009-01-30 19:03:00

Economic growth in Russia will be near zero in 2009 and government revenues could decline by 40 percent, officials in Moscow said Friday. Finance Minister Alexei Kudrin told lawmakers in Moscow the global financial crisis will cause revenues to decline this year by 4.4 trillion rubles ($133 billion) -- more than 5.4 percent of Russia's gross domestic product -- RIA Novosti reported. Our economic growth will most likely be close to zero, Kudrin told the State Duma. He said Russia would have to...

2008-12-27 12:50:47

Inflation in Russia next year could slow to 11 percent, after reaching as high as 13.8 percent in 2008, the country's finance minister said Saturday. With economic growth at 2.4 percent and the oil price at $50 per barrel, inflation in 2009 will total 11 percent, Alexei Kudrin, who also is a deputy prime minister, was quoted by RIA Novosti as saying. But he added that if the price of oil price moves lower in the coming year, inflation could track higher, reaching 15 percent, the Russian news...

2008-09-16 09:00:45

MOSCOW. Sept 10 (Interfax) - The Russian Finance Ministry is considering all proposals to reduce the taxation of the oil sector, but no final decisions have yet been made on this account, said Russian Deputy Prime Minister and Finance Minister Alexei Kudrin. "Certainly, we will consider all proposals," Kudrin told journalists in Moscow on Wednesday. "The Russian oil and gas sector needs support," he said. Kudrin insisted, however, that it is necessary first to analyze the effect of the...

2008-08-21 21:00:31

MOSCOW. Aug 21 (Interfax) - Russia's revenue from sale of oil and gas reached a peak in 2008 and will likely decline in future, Deputy Prime Minister and Finance Minister Alexei Kudrin said. "The year 2008 is the peak in oil and gas revenue in our country compared with the entire previous period and, evidently, future periods. That is, Russia has reached an historical peak in oil and gas revenue," Kudrin said at a briefing in Moscow on Thursday. "Even an increase in oil prices will not...

2006-07-14 04:52:10

ST PETERSBURG, Russia (Reuters) - Russia and the United States resumed marathon talks on Friday aimed at reaching agreement on Russia's accession to the World Trade Organization ahead of a Group of Eight summit. The Kremlin is keen for a deal before the weekend G8 summit in the northern city of St Petersburg, where President Vladimir Putin will host world leaders including George W. Bush. The two leaders were to meet later in the day. The WTO negotiations went into a third day on...

2006-07-14 02:38:06

ST PETERSBURG, Russia (Reuters) - Russia and the United States resumed marathon talks on Friday aimed at reaching agreement on Russia's accession to the World Trade Organization ahead of a Group of Eight summit. The Kremlin is keen for a deal before the weekend G8 summit in the northern city of St Petersburg, where President Vladimir Putin will host world leaders including George W. Bush. The two leaders were to meet later in the day. The WTO negotiations went into a third day on...

2006-07-13 08:47:09

By Douglas Busvine MOSCOW (Reuters) - Russia said on Thursday it had achieved a breakthrough in talks with the United States on joining the World Trade Organization, but the U.S. side said no final deal had yet been reached. Finance Minister Alexei Kudrin was quoted by Russian news agencies as saying that Presidents George W. Bush and Vladimir Putin should sign a WTO protocol in St Petersburg on Friday or Saturday, when the annual Group of Eight summit begins. "I hope that a...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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