Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
Poll shows 25% of Russians expect headway in ties with France during Macron’s presidencySociety & Culture May 24, 17:33
Former Finnish PM points to signs of improvement in Russia-West relationsWorld May 24, 17:20
Russia's legendary Su-27 jet fighter marks the 40th anniversary of its first flightMilitary & Defense May 24, 17:19
Russian lawmaker comments on US decision to end military subsidies to UkraineRussian Politics & Diplomacy May 24, 16:30
Nine Russian missile regiments rearmed with advanced ICBM systemsMilitary & Defense May 24, 16:01
MOSCOW, February 15 (Itar-Tass) – The situation in the sphere of state debt administration is very difficult, Russian President Vladimir Putin said on Friday at a meeting with Group of Twenty Finance Ministers and Central Bank Governors.
The debt burden exceeds the GDP in some of developed economies, he noted.
Apart from that, it is not clear how these states are going to service their debts. “It makes investors restless, while these states find themselves in a vicious circle of debt and economic crises,” the Russian president said.
According to Putin, investor trust might be won only when the governments conduct a clear and transparent policy of budget deficit and state debt administration.
He also noted that Russia’s agenda will continue the discussion within the Group of Twenty. “We shall continue to implement agreements on the establishment of a more fair and crisis-resistant financial system,” he pledged.