Source Pravda.Ru

Russian Government Approves Cooperation Program With Ebrd

Russian Minister of Trade and Economic Development Herman Gref today told journalists that the government had approved a cooperation program for the medium-term with the European Bank of Reconstruction and Development (EBRD). He reminded the press that the EBRD was going to issue a 800 million euro loan to Russia in 2002, while it would also provide the country with 1 billion euros a year in the 2003-4 period. 40% of this amount is to be used to implement projects guaranteed by the Russian government, while the remaining 60% will be utilized for commercial projects. The government, according to Gref, had chosen its priority areas where the loans would be used. He said that these priorities coincided with the main focus of the government's medium-term program in the economy and social sphere, while they would also provide for investment in infrastructure, transportation, the banking sector, the legal system and the so-called "new economy." Gref also reported that the government would consider a similar cooperation program with the International Bank of Reconstruction and Development by December 15th.

Comments
NATO to strike Russia through Suwalki Corridor
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia and USA fight even in space: Americans damage Soyuz deliberately
NATO to strike Russia through Suwalki Corridor
Earth on the Brink of an Ice Age
Can Russia oppose coalition forces in the Mediterranean?
Can Russia oppose coalition forces in the Mediterranean?
Earth on the Brink of an Ice Age
Can Russia oppose coalition forces in the Mediterranean?
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Most Russians want smartphones banned in schools
NATO to strike Russia through Suwalki Corridor
NATO to strike Russia through Suwalki Corridor
Syria’s Assad toads to Putin over Il-20 shootdown
Russian Navy admiral says Russia will torpedo US warships, if need be
How Russia can respond to Israel following Ilyushin Il20 shootdown