N e w s
SEPTEMBER 25
Kasyanov: Russia's gold reserves are enough to avoid crisis
The Prime-Minister of Russia Mikhail Kasyanov announced on Wednesday in the State Duma that gold and foreign exchange reserves of Russia ($44,4 bln) are enough to prevent financial crises in the country.
He mentioned that in 2003 Russia has to pass the peak of the State debt payments. According to the Prime-Minister, the volume of the national debt has decreased as compared to the figures of 1998 (150% of GNP) and now it constitutes 45% of GNP. In 2003 it is expected to be less than 40% of GNP.
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