Russia not to loan on foreign markets in 2011

In 2011 Russia will not loan on foreign financial markets, vice-premier and finance minister of Russia Alexei Kudrin stated,  RIA Novosti reports.

Oil prices are high, revenues are high and the balance of payments is stable. There is no need for borrowing.

This year Russia might produce more ruble euro-obligations. In February Russia already accommodated ruble euro-obligations amounting to 40 billion rubles, with a profit of 7.85% per year for 7 years.