Minsk calls Kudrin's statements "an exaggeration"

MINSK, May 29 (Itar-Tass) - Belarusian Deputy Prime Minister Andrei Kobyakov said Russian Finance Minister Alexei Kudrin's remarks on the financial situation in Belarus were "exaggerated rumors."

"What Kudrin was speaking about are rumors, quite exaggerated," Kobyakov told reporters on Friday. "Kudrin sometimes makes interesting statements, which cause bewilderment both in Belarus and Russia," he added.

The Belarusian official called for not dramatizing the situation, noting that there are certain parameters of the country's economic security.

As for Belarus, the ratio between its state foreign debt and the Gross Domestic Produce is less than 14 percent, the least among former Soviet republics, he underlined.

Kobyakov also expressed confidence that the issue of opening the final tranche of the Russian 500-million-dollar credit for Belarus would be settled shortly.

All technical issues have already been coordinated, he said.

On Thursday, Alexei Kudrin told reporters in Minsk that Belarus, if it continues to pursue the current policy of administrative regulation of the exchange rate might run out of its gold and foreign currency reserves by the end of the third quarter.



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