NO FOREIGN LOANS THIS YEAR, SAYS RUSSIA








MOSCOW, March 13, 2001. /From RIA Novosti correspondent Andrei Malosolov/. Russia will take no foreign loans, easily settling all its debts, said Valentina Matviyenko, Russia's deputy prime minister, appearing at the scientific practical conference The Realization of Social Policies Under the State Modernization.


	According to Matviyenko, the state will be able to repay it foreign debt and at the same time fulfil domestic obligations due to the collection of additional revenues. Those stem from the economic increase and implementation of new tax policy which will allow to legalise profits, viewed as 'grey' in the past.


	The drop of petroleum prices in the world is not so vital, said the deputy prime minister. 'Even if the price per oil barrel falls down to 22-20 dollars, it won't undermine the Russian budget,' stressed the deputy prime minister.