Russia says to finish Serbia loan talks

Updated: 2011-04-18 14:32


Twitter Facebook Myspace Yahoo! Linkedin Mixx

WASHINGTON -- Russia should be ready to start issuing a multi-tranche $800 million loan to Serbia within the next few months, Russian Finance Minister Alexei Kudrin said at the weekend.

"We should end negotiations within the next few months and we'll spread it over a couple of years, maybe one year," Kudrin told journalists on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington.

He said the timing of the tranches would depend on Serbia's needs and progress in projects for which the money will be used. The loan is to be spent on a range of investment projects including transport, agriculture and high technology.

Russian Prime Minister Vladimir Putin said during a visit to Belgrade in March that Moscow was considering the loan package, which follows $200 million lent during the global economic crisis


Han me downs

Traditional 3,000-year-old clothes are making a comeback.

Reaching out
Fast growth fuels rise in super rich
Chinese tourists spend more

European Edition


25 years after Chernobyl

Belarus, Ukraine and Russia will mark the 25th anniversary of the nuclear reactor explosion in Chernobyl.

Luxury car show

The world's most prestigious luxury, sports cars and supercars are displayed in Monaco.

Peking Opera revival

Traditional opera is enjoying a revival in Beijing thanks to some modern touches.

Head underground to see the vibrant Beijing
Beloved polar bear died
Panic buying of salt