Expert opinion
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03.12.06
Victoria Panova
G8 research group, University of Toronto, Director for Russia |
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03.12.06
Mona Bricke
German NGO Forum Environment and Development |
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03.12.06
Nigel Martin
Montreal International Rorum (FIM) |
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02.12.06
John Kirton
Head of G8 Research Group, University of Toronto |
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02.12.06
Regina Gunter
Head of the WWF Germany |
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Putin's flotation of rouble pays off ahead of G8
01.01.70
Vladimir Putin's decision to highlight the strength of the Russian economy ahead of next week's St Petersburg G8 summit - by allowing the rouble to float freely on the foreign exchanges for the first time - was rewarded when the currency rose slightly against a weaker US dollar yesterday.
In mid-afternoon trading, it rose to 26.88 roubles to the dollar, from 26.94 on Friday, although it fell slightly against the euro.
Russia hosts its first G8 summit on July 15, and the Kremlin believes that allowing the rouble to float will make the country's energy-rich economy more attractive to foreign investors.
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