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. Last Updated: 07/27/2016

Kudrin: Prosecutors 'Satisfied'

Finance Minister Alexei Kudrin, who was questioned earlier this week regarding possible financial machinations in St. Petersburg, said Thursday he believes prosecutors were satisfied with his answers and would have no more questions for him, Interfax reported.

Kudrin spoke with prosecutors Tuesday after being summoned as a witness in an investigation into St. Petersburg's economics and finance committee during his term as deputy mayor and head of the committee.

Kudrin said the investigation concerns top committee officials who had been responsible for providing budget-funded, interest-free loans to help committee employees "improve their housing conditions."

On Wednesday, prosecutors in St. Petersburg questioned Igor Artemyev, a State Duma deputy from the Yabloko faction and the former committee chairman who had succeeded Kudrin.

Artemyev said in a telephone interview Wednesday that budget funds had been used to help finance the purchase of apartments for committee officials as an incentive for them to continue working for the city rather than seeking work in the more profitable commercial sector. Artemyev said the funds had been transferred to the city by the Finance Ministry expressly for that purpose.

Kudrin also said that all documents pertaining to the loans conformed to the Finance Ministry regulations in effect at the time.