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15Jan14

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Curtailing of US quantitative easing not to affect negatively Russian economy

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Curtailing of quantitative easing program in the United States will not affect negatively Russian economy, Russian Finance Minister Anton Siluanov said at the Gaidar economic forum in the Russian capital on Wednesday.

"Curtailing of quantitative easing program in the United States may result in capital flight from developing countries. But we believe that massive sale of assets will not take place in 2014, as it happened in 2013 in view of only a statement about possible curtailing of this program," Siluanov said. He added that all countries are already prepared for such turn of events. "We believe that the monetary policy, budgetary policy in Russia will not change as a result of curtailing of quantitative easing program in the U.S., we will not have any problems," Siluanov added.

[Source: Itar Tass, Moscow, 15Jan14]

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