Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-09-16-Speech-4-113"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"1999-09-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial crisis in Russia2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.19990916.7.4-113"2
lpv:hasSubsequent	lp_eu:1999-09-16-Speech-4-1142
lpv:speaker	lp:Bas Belder2
lpv:spokenAs	member; EDD (1999-07-20--2004-07-19)3 unknown; Staatkundig Gereformeerde Partij - Gereformeerd Politiek Verbond - Reformatorisch Politieke Federatie (1999-07-20--2002-03-17)3 member; Committee on Foreign Affairs, Human Rights, Common Security and Defence Policy (1999-07-21--2002-01-14)3 vice-chair; Delegation for relations with the United States (1999-07-22--2002-01-14)3 substitute; Committee on Industry, External Trade, Research and Energy (1999-07-21--2002-01-14)3
lpv:translated text	"Mr President, there continues to be one financial scandal after another in Russia. For example, today's reports that last summer the Central Bank of Russia sold as much as USD 3.9 billion of an IMF credit destined for Moscow and USD 4.8 billion in total directly to Russian private banks. In so doing, it withdrew a huge quantity of roubles from the country’s public monetary dealings. And what is worse, those USD 3.9 billion of IMF money did not even go directly to Russia but were ultimately transferred through accounts in the United States. The man behind this revelation is Skuratov, the Public Prosecutor, whom Yeltsin relieved of his office. Two salient comments are in order as regards this accusation. Firstly, Skuratov has only exposed a very small part of a practice which has been going on for years, and certainly at least since 1990, that is the systematic manipulation of international credits by the Central Bank of Russia. Secondly, the International Monetary Fund and the American government, too, were informed about this abuse early on. Yet they took no action, under the pretext of the spurious, hence costly slogan: “Corruption is better than Communism”. The fraudulent draining away of financial assistance provided by foreign countries, a Russian capital flight over the last ten years amounting to an estimated USD 150 to 300 billion, and a Russian economy which has largely slid back into a barter economy all make it difficult for us to gain a proper idea of the scale of the financial crisis in the Russian Federation. As far as the European Union is concerned, it should always be the case that only real Russian projects which have been approved by independent experts should be considered for financial assistance, and only then on condition that careful follow-up supervision is undertaken on an annual basis."@en1

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