WASHINGTON, June 11 U.S. Treasury Secretary
Timothy Geithner on Friday will meet Japanese Finance Minister
Kaoru Yosano and Russian Finance Minister Alexei Kudrin in
Italy, the Treasury Department said on Thursday.
The bilateral meetings are part of the Group of Eight
finance ministers meeting in Lecce, Italy. The G8 meetings are
scheduled for June 12-13.
The finance ministers' session will aim to set an agenda
for a July 8-10 gathering of political chiefs in Italy, where
U.S. President Barack Obama will join other world leaders.
Russia said on Wednesday it would reduce the share of U.S.
Treasuries in its reserves and buy bonds issued by the
International Monetary Fund.
Russia holds about 30 percent of its reserves in U.S.
Treasuries. The country had pledged to buy about $10 billion
worth of bonds to be issued by the IMF as part of a fundraising
effort to help countries hit by the crisis.
The G8 consists of the United States, Japan, Germany, Great
Britain, France, Italy, Canada and Russia.
(Reporting by Nancy Waitz; Editing by Neil Stempleman)