Russian central bank misses profit target

The Russian Central Bank missed its target for paying profit to the federal budget by 1.5 billion rubles in the first half of 2004, according to Deputy Finance Minister Sergei Shatalov on Tuesday 31 August.

He said that instead of planned revenue for the reporting period of 32 billion rubles, the Central Bank paid 29.5 billion rubles to the federal budget.

"But this amount (1.5 billion rubles) is not cause for concern, simply the Central Bank's profit turned out to be a little lower than planne

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