Civil G8 2006

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Russia urges oil exporters to aid states affected by oil price hikes - Kudrin

01.01.70

SHARM AL-SHEIKH. May 21 (Interfax-FIA) - Russia has urged all oil exporting nations to increase aid to countries affected by high prices for oil, Finance Minister Alexei Kudrin said.

"We have urged the oil exporting sates to contribute to the mechanism of aiding the poorest nations, affected by the oil price hikes," Kudrin told officials from the G8 group of most industrialized countries, organized under the G8's partnership with the Middle East and North Africa.

Russia has donated an additional 30 million SDRs (special drawing rights) equivalent to $45 million to the anti-shock fund, which provides support to countries, worst affected by the oil price rise and incapable of attaining economic stability on their own. sd

Expert opinion

Halter Marek

02.12.06

Halter Marek
Le College de France
Olivier Giscard dEstaing

02.12.06

Olivier Giscard dEstaing
COPAM, France
Mika Ohbayashi

02.12.06

Mika Ohbayashi
Institute for Sustainable Energy Poliy
Bill Pace

02.12.06

Bill Pace
World Federalist Movement - Institute for Global Policy
Peter I. Hajnal

01.12.06

Peter I. Hajnal
Toronto University, G8 Research Group