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Kudrin’s sacking unlikely to tell on Russian stock market - view

September 27, 2011, 0:01 UTC+3
The resignation of Russian Finance Minister Alexei Kudrin will hardly directly affect the Russian stock and currency markets
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MOSCOW, September 26 (Itar-Tass) — The resignation of Russian Finance Minister Alexei Kudrin will hardly directly affect the Russian stock and currency markets, former first deputy chairman of the Russian Central Bank, Sergei Aleksashenko, believes.

“The Russian stock market has never reacted to political news,” said Aleksashenko, who is member of the scientific council of the Carnegie Moscow Centre.

“And this time the markets will not react to the resignation of Finance Minister Alexei Kudrin either,” he added.

“The resignation itself will in no way influence the economic situation in Russia,” he added. According to him, changes may happen “if a new person comes and begins changing the system built by his predecessor”.

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