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Russia to take foreign loans in 2010
01. March 2010. | 06:46
Source: ITAR - TASS
Russia’s Finance Minister Alexei Kudrin confirmed on Saturday that in 2010 Russia would take external loans.Earlier, Deputy Finance Minister Dmitry Pankin said that after a ten-year break Russia was planning to place dollar and euro-denominated sovereign bonds in international markets again.
Russia’s Finance Minister Alexei Kudrin confirmed on Saturday that in 2010 Russia would take external loans.
“We are preparing for this now,” he said following a meeting on the Russian Railways Company's investment programme. “A working group will work out all details.”
Some companies chosen on a conptested basis also take part in the working group.
“We shall have a road show to present the parameters and details of the loans,” he said.
The minister did not specify when this event will take place.
Earlier, Deputy Finance Minister Dmitry Pankin said that after a ten-year break Russia was planning to place dollar and euro-denominated sovereign bonds in international markets again.
Under this year's budget Russia is to borrow 17.8 billion dollars.
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