(NSI News Source Info) April 4, 2009: Russia has not yet made any commitment to contribute to the $1.1 trillion anti-crisis package approved by the G20, the finance minister said Friday. 
"Russia is not participating in this package yet. We have made no commitments," Alexei Kudrin said at a congress of the Association of Russian Banks.
Kudrin, who is also a deputy prime minister, said Russia is already providing significant assistance to neighboring states, as well as being the major contributor to the Eurasec anti-crisis fund, which has a charter capital of $10 billion.
"We believe we play the role of an elder brother for our region," he said.
G20 leaders agreed on Thursday in London a package of measures to combat the world crisis. In particular, $1.1 trillion would be given to the International Monetary Fund (IMF) and other financial institutions.
Kudrin also said Russia could invest its international reserves into IMF bonds, which the Fund has mooted issuing. "Another tool is IMF bonds," he said. "We could diversify international reserves ... by participating in this tool."
"Russia is not participating in this package yet. We have made no commitments," Alexei Kudrin said at a congress of the Association of Russian Banks.
Kudrin, who is also a deputy prime minister, said Russia is already providing significant assistance to neighboring states, as well as being the major contributor to the Eurasec anti-crisis fund, which has a charter capital of $10 billion.
"We believe we play the role of an elder brother for our region," he said.
G20 leaders agreed on Thursday in London a package of measures to combat the world crisis. In particular, $1.1 trillion would be given to the International Monetary Fund (IMF) and other financial institutions.
Kudrin also said Russia could invest its international reserves into IMF bonds, which the Fund has mooted issuing. "Another tool is IMF bonds," he said. "We could diversify international reserves ... by participating in this tool."
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