IMF Says Russia Must Save Energy Windfall
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WASHINGTON -- The International Monetary Fund on Wednesday raised its outlook for Russia&#39;s economy but warned Moscow to resist spending the extra oil revenues it has received as a result of record energy prices.
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Russia&#39;s executive director at the International Monetary Fund (IMF) has said that former French finance minister Dominique Strauss-Kahn lacks the skills needed to be the next IMF managing director, the Financial Times reported Saturday.
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John Snow, United States&#39; Treasury secretary, yesterday said the US government had told the Russian government that the world needed Yukos to keep pumping oil.
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A global economic slow-down is looking more likely because of higher oil prices and a US housing dip, the IMF warns.
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President Vladimir Putin gave his blessing on Friday for state energy firms to bid for oil major YUKOS&#39; assets if bailiffs put them up for sale to recover a huge back-tax bill.
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Any revaluation of International Monetary Fund (IMF) gold reserves would have to be done in a way which would preserve gold market stability, British Chancellor of the Exchequer Gordon Brown said on Monday.
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Russia's energy and rail transport industries are prime for investment by Western investors, the head of U.S. manufacturing and financial giant General Electric Co. said Thursday.
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Russia could make early repayment next year of up to $10bn worth of its $48bn of foreign debt to the Paris Club of sovereign lenders, Alexei Kudrin, finance minister, announced on Monday.
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Their ties with Kremlin-backed Gazprom are vexing EU efforts to create an energy security policy that would lessen dependence on Russia.
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NOVO OGARYOVO, Russia : IMF Director General Rodrigo Rato urged Russian President Vladimir Putin to limit state intervention in the economy and keep a close eye on inflation in order to meet his goal of doubling output by 2010.
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Visiting IMF Managing Director Rodrigo de Rato urged Russian President Vladimir Putin on Thursday to keep a close eye on inflation in order to meet his goal of doubling the gross domestic product (GDP) by 2010.
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President Vladimir Putin has pledged that Russia would ensure stable energy supplies to the European Union.
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Asian governments must promote clean energy such as wind and solar power to maintain their booming economies and reduce greenhouse gas emissions in coming decades, the Asian Development Bank said Tuesday.
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COMPIEGNE, France  - Russia assured France and   Germany on Saturday it was a reliable energy supplier to   European consumers and said Gazprom was considering exporting   gas from its Shtokman field toward Europe.
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As record high prices raise concerns about future supplies of oil, the International Energy Agency, in a new report, stressed the need for oil-producing countries and international
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Developing countries on Friday urged the International Monetary Fund (IMF to develop effective lending facilities to assist countries in the prevention of financial crisis.
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MOSCOW. Sept 13 (Interfax) - The International Monetary Fund (IMF) believes the situation is right for Russia to consolidate its achievements and to continue with economic reforms, IMF First Deputy Managing