Monday, December 19, 2011

XE.com - Medvedev confirms Siluanov as finance minister

MOSCOW, Dec 16 (Reuters) - Russian President Dmitry Medvedev confirmed acting Finance Minister Anton Siluanov in the post on Friday, nearly three months after long-serving Finance Minister Alexei Kudrin was forced to quit the government.

The announcement suggests that Medvedev, who is expected to become prime minister after Vladimir Putin's likely election to the presidency next March, will be core member of Medvedev's future government team.

Siluanov, a low-profile career finance ministry official, said his department was readying anti-crisis measures and was ready 'for different scenarios'.

He described the liquidity situation in the banking system as 'acute', said the ministry exercise restraint in its borrowing and that it had prepared measures to deploy its financial reserves should the situation deteriorate.

(Reporting by Denis Dyomkin,; Writing by Andrey Ostroukh, Editing by Douglas Busvine) Keywords: RUSSIA FINMIN/

(andrey.ostroukh@thomsonreuters.com)(+7 495 775 1242)

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Source: http://www.xe.com/news/2011/12/16/2352777.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art3

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