Russia now has a financial system safe from a default, Vice Premier and Finance Minister Alexei Kudrin said at a seminar for the budget system reform.
Kudrin noted that Russia's gold and currency reserves exceeded $65 billion in 2003, and national debt reduced down to 35% of GDP. In 1998, the vice premier added, the debt made 140% of GDP.
"Now keeping in mind the stabilisation fund, gold and currency reserves and the size of the national debt, we should think of something incredible to prevent a default in our country," Kudrin said.
We have formed a financial system secure from such threat, he stressed. "This is an achievement in its kind and now we can concentrate on raising the efficiency of our expenditures," Kudrin concluded.
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations
On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part