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Thursday, September 29, 2011

Ex-Finance Minister Kudrin says defence spending overextended

Project 955 Borey nuclear-powered strategic submarineThe influential Finance Minister announced his resignation on Sunday after Medvedev and Prime Minister Vladimir Putin on Saturday made it clear that they intended to swap offices after next year’s presidential election.

Kudrin made it clear that he saw no role for himself in a future government led by Dmitri Medvedev. The day after he announced his resignation, Kurdin was sacked from Putin’s government.

In a statement quoted by Moscow Times Alexei Kudrin explains that he had been increasingly disturbed by the risks posed to Russia’s budget by social and defence spending.

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