Russia's Government Takes Measures To Overcome Non-payments Peak In 2003

Russia's government has taken measures to overcome non-payments' peak in 2003, Russian Federation minister of economic development and trade German Gref told journalists when a meeting of the board of the ministry of economic development and trade was over. RIA Novosti correspondent reports that, according to the minister, the Russian Federation ministry of economic development and trade and the finance ministry have currently been working on establishing a stabilization fund. Gref pointed out that the maximum size of the stabilization fund will be from USD 1 to 2 billion. Now the sources of this fund's replenishment are being determined, said Gref, and measures of a technical nature are being taken.