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25 AUGUST 2003  

Mr Kudrin is against vertically-integrated structure of JSC ALROSA

As it has become known to Interfax Agency, the Minister of Finance of Russia Alexei Kudrin considers it useless to create vertically-integrated structure on the basis of ALROSA diamonds mining company. He emphasized that now ALROSA is diamonds mining company and it is more profitable to sell them abroad instead of cutting them in Russia. Moreover, the volume of diamonds mined in the country is impossible to cut here, it will be much more expensive than in other countries with old diamonds cutting traditions and cheap labour costs..



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