Russia plans jewellery sale to pay debts

RUSSIA - Some of Russia's most valuable jewellery is to be sold as part of the country's desperate search for funds to repay its debts.

Finance Minister Alexey Kudrin said any proceeds from the jewellery sale would help the government make debt repayments of $14bn (£9bn) this year and $17.2bn next year. Mr Kudrin did not specify which or how much jewellery would be sold to pay back parts of the country's total debts of $128.3bn.

Rising government spending and weak economic growth at home and

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