Premier: Russia to increase credits to foreign states in 2004

In 2004 Russia intends to extend credits worth $670 million to foreign states, Russian Premier Mikhail Kasyanov stated at a cabinet meeting on Thursday.

The Premier pointed out that 2004 would witness a rise in credits in comparison with 2003.

According to Kasyanov, credits to foreign states are connected with Russian projects in a number of countries and mostly concern nuclear energy. As the Premier said, Russian atomic power plants were the direction, where Russia was "very competitive".

As the head of the Russian government pointed out, state credits went to support export and construction of objects connected with unique technologies.