UPDATE 1-Russia must review participation in international funds, finance minister says

April 15, 2015 8:59 AM

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MOSCOW, April 15 (Reuters) - Russia must review its participation in international funds and financial organisations to conserve resources which are being used up by fees, Finance Minister Anton Siluanov said on Wednesday.

Asked whether the fall in income would hurt Russia's role on the international scene and in its participation in the BRICS bloc of large emerging economies, Siluanov said funds for forming the charter capital of a BRICS bank were accounted for in Russia's budget law.

Also read: Russia approaching bottom of credit cycle- dep cbank governor

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