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. Last Updated: 07/27/2016

Foreign Finance Eyed

MOSCOW -- Newly appointed Finance Minister Alexei Kudrin said Friday he hoped Moscow could returnto world capital markets in 2001, helping to obtain $5 billion to $6 billion in foreign financing.

The country saw its international debt ratings collapse in the aftermath of the 1998 financial crash.

But massive ruble devaluation that accompanied the crash and soaring oil prices have had beneficial effects on the economy, boosting industrial production and tax collection.