US imposes new sanctions on Syria over suspected chemical attackWorld April 24, 21:23
Russian businessman plans to build sailplane to fly around the globe nonstop in 5 daysScience & Space April 24, 19:50
Roscosmos excludes three cosmonauts from space teamScience & Space April 24, 19:34
Russian Foreign Ministry: Terrorists in Syria may get chemical weapons from Libya, IraqRussian Politics & Diplomacy April 24, 19:05
US not ready yet to restart arms control dialog, Russian diplomat saysRussian Politics & Diplomacy April 24, 18:57
Court recognizes Russia’s Sports Ministry as affected party in WADA whistleblower caseSport April 24, 18:48
Elephant, giraffe and wildcats found among Muscovites’ house petsSociety & Culture April 24, 17:48
Putin calls for setting apart real anti-corruption crusaders from political show-offsRussian Politics & Diplomacy April 24, 16:34
Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
MOSCOW, October 14 (Itar-Tass) — Russia’s decision on acquiring Spain’s debt securities depends among other things on the results of the EU summit on October 23, a high-level source in financial circles told Itar-Tass on Friday.
“Until Europeans take their decision, we can take no decision as well,” he said adding that the issue is being studied in a set of all problems related to the debt crisis of the eurozone.
Earlier on Friday, ratings agency Standard and Poor’s downgraded the long-term credit rating of Spain by one notch to AA- from AA and signalled further possible downgrades.
“Despite signs of resilience in economic performance during 2011, we see heightened risks to Spain’s growth prospects due to high unemployment, tighter financial conditions, the still high level of private sector debt, and the likely economic slowdown in Spain's main trading partners,” S&P said.
Earlier this month Fitch ratings agency also downgraded Spain by two notches to AA- with a negative outlook.
The Kremlin’s top economic adviser, Arkady Dvorkovich, told the forum dealing with the Sixth Millennium Development Goals (MDG-6) on October 10 that Foreign Minister Sergei Lavrov and ex-finance minister Alexei Kudrin met with Spain’s Finance Minister Elena Salgado to discuss Russia’s possible participation in solving the eurozone crisis and acquisition of Spain’s debt securities.
The first deputy head of the Central Bank of Russia, Alexei Ulyukayev, announced readiness to invest Russia’s international reserves into Spain’s government bonds.
“As far as I understand, the talk is about the reserve funds of the Russian government – the Reserve Fund and the Future Generations Fund. The Bank of Russia serves as operator of these funds. If such a decision is taken and the relevant entry is made in the investment declaration, of course, we will fulfil the owner’s will,” Ulyukayev said after the meeting of the president’s council for financial markets.
Along with this he noted that the issue of investing funds into Spain’s sovereign bonds “is not easy as concerns risk assessment.”