Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
12.07.2011

Statements of Deputy Head of the Government of the Russian Federation – Finance Minister of the Russian Federation A. Kudrin

 

Italian govt undertaking all necessary measures to balance debt - Kudrin

MOSCOW. July 12 (Interfax) - Russia's Finance Minister Alexei Kudrin believes that Italy's government is employing all necessary measures in order to balance out its debt obligations.

"I think that the governments of these countries [such as Italy] are undertaking all necessary measures to balance out their debt-laden budgets," Kudrin told journalists in Moscow on Tuesday.

When asked if Russia plans to purchase Italy's debt bonds, Kudrin said, "The Central Bank is deciding on this. It places gold and forex reserves, and carries out placements in bonds that have the necessary rating. In this sense, Italy meets world standards".

 

Russia’s Kudrin criticizes idea of EurAsEC ratings agency

MOSCOW, Jul 12 (PRIME) -- Russia’s Deputy Prime Minister and Finance Minister Alexei Kudrin told reporters Tuesday that he was skeptical about the possibility of setting up a Eurasian Economic Community (EurAsEC) ratings agency.

Economists from the Russian Academy of Sciences proposed setting up a EurAsEC ratings agency at a meeting with Russian Prime Minister Vladimir Putin on Monday.

“A EurAsEC ratings agency does not make sense to me,” Kudrin said. Moreover, a state-owned ratings agency has little chance of gaining a solid reputation as it is usually politically motivated, Kudrin added.