U.S. stimulus pullback brings significant risks - Russia

ST PETERSBURG, Russia, Sept 5 Thu Sep 5, 2013 2:33am EDT

ST PETERSBURG, Russia, Sept 5 (Reuters) - Russia sees significant risks from the U.S. Federal Reserve's expected withdrawal of monetary stimulus, and the issue will dominate the economic policy debate at the Group of 20 summit talks on Thursday.

"We see significant risks if monetary stimulus starts to be wound down," Russia's summit coordinator Ksenia Yudayeva told a news briefing. The Federal Reserve is expected to start winding down its vast bond-buying programme in the coming weeks.

The BRICS - Brazil, Russia, India, China and South Africa - will discuss the economic risks at the summit but Yudayeva said the emerging markets group had not agreed on any joint steps.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
Machetegreg wrote:
Since when is the US taxpayer supposed to bolster Russian markets. This whole comment is outrageous.

Sep 05, 2013 7:15am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.