SpyLOG
18/4/2014 17:12
RIA Novosti

World

Russia’s Foreign Debt May Rise ‘Slightly’ - Putin

Topic: APEC Summit in Vladivostok

14:48 07/09/2012
RUSSKY ISLAND (Vladivostok), September 7 (RIA Novosti)
Tags: APEC summit in Vladivostok, Vladimir Putin, Vladivostok

Russia might slightly increase its foreign debt but the government is committed to keeping it at its current low level, President Vladimir Putin said at the APEC summit in Vladivostok on Friday.

“The Russian Federation has the lowest foreign debt among the developed economies. While the Russian government’s overall debt obligations stand at approximately 10 percent [of GDP], its foreign debt is about 2.5 percent,” he said.

“A little increase in [our] foreign [debt] obligations is of course possible but overall we will stay at a sufficiently low level.”

In the first half of this year Russia’s sovereign debt grew 16 percent in dollar terms and 19.3 percent in euro terms.

Putin also said the Russian government will pursue a general course toward consolidation of banks but will go slow.

“We are determined to continue strengthening our financial system,” he said, adding that there will not be “excessive demands or hostile takeovers.”

Free movement of capital remains a basic principle, Putin said.

“I believe that this fundamental position on the free flow and expatriation of capital guarantees its return as needed.”

The government will work to keep 2012 inflation at last year’s level, Putin said.

“Seven years ago our inflation was 13-14 percent; last year it was still rather high compared to [other] developed economies, but nevertheless, record low over the past 20 years - just 6.1 percent,” he said, noting that the Russian government will continue to reduce it.

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRussia’s Foreign Debt May Rise ‘Slightly’ - Putin

14:48 07/09/2012 Russia might slightly increase its foreign debt but the government is committed to keeping it at its current low level, President Vladimir Putin said at the APEC summit in Vladivostok on Friday.>>

Send by e-mail

All fields are required!



Leave a comment

    Рейтинг@Mail.ru  Rambler's Top100
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18