External loans of Russian companies not to be limited

There is no necessity in restricting the amounts of loans of Russian companies on the external market so far, Deputy Finance Minister Alexey Ulyukayev declared at a news conference in Moscow today. According to him, external loans of Russian companies do not pose a great danger so far. However, the Russian government is "thoroughly watching the volume of loans". Moreover, the bill on currency regulations and currency control, which is at the State Duma currently, in the event of a necessity will enable the government to introduce restrictions on capital operations by reserving up to 100 percent of the sum of a deal.

As reported earlier, according to S&P, the net debt of the federal government was 36 percent of the GDP at the end of 2002.

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Author`s name Editorial Team