USEUROPEAFRICAASIA 中文双语Français
Home / World

Kudrin's exit 'big blow' for Russian economy

China Daily | Updated: 2011-09-28 08:08

MOSCOW - The resignation of Finance Minister Alexei Kudrin, a figure trusted by Western investors during his more than 10 years on the job, is a huge blow to Russia's economy at a critical time, the media said on Tuesday.

Kudrin resigned late on Monday in a public confrontation with President Dmitry Medvedev after he became the highest-profile official to break ranks with the plan for Medvedev to swap jobs with current Prime Minister Vladimir Putin in 2012.

"Kudrin's resignation will be a big blow for the Russian economy - experts are already forecasting a new wave of capital flight, a fall in the rouble rate and inflation growth," the daily Vedomosti said.

Kudrin's exit 'big blow' for Russian economy

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US