Russian Finance Minister Alexei Kudrin feels the recent rise in global stockmarkets and oil prices is likely temporary and could be followed by a correction.
At an Economy Ministry event the official warned “Despite the rise in world stockmarkets and a certain increase in oil prices, we should not relax. Most likely it is a temporary improvement.” Kudrin expects a second wave of problems in the financial sector due to corporates not re-paying bank loans. Bah Humbug!!!
