[lbo-talk] Russia denies losses on U.S. investments

[uvj at vsnl.com]

Russia denies losses on U.S. investments
http://www.reuters.com/article/rbssConsumerFinancialServices/idUSL1731170320080717?sp=true

Thu Jul 17, 2008

MOSCOW, July 17 (Reuters) - Russia has not made losses from investing its
$578 billion reserves despite turbulence in global financial markets,
Finance Minister Alexei Kudrin was quoted as saying on Thursday.

The central bank, which invests the reserves in top-rated paper denominated
in dollars, euros, pounds and yen, said it had about $100 billion in debt of
U.S. agencies, including Fannie Mae (FNM.N: Quote, Profile, Research, Stock
Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), at the
end of 2007.
http://www.reuters.com/article/rbssConsumerFinancialServices/idUSL1731170320080717?sp=true