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Pastimes : Kosovo -- Ignore unavailable to you. Want to Upgrade?


To: George Papadopoulos who wrote (12126)6/18/1999 4:21:00 PM
From: goldsnow  Respond to of 17770
 
Show me the Money....

German Official: G7 Could Offer New
Russia Deal

LONDON, Jun 18, 1999 -- (Reuters) The world's
major industrial powers could offer a new economic
deal for Russia in the next few days that includes
long-term help with technical problems, a German
official said on Friday.

Klaus Gretschmann, economic adviser to German
Chancellor Gerhard Schroeder, said the proposed
deal was "interlinked" to solving the deadlock over
what role Russia will play in Kosovo, and said he
was confident that issue would be solved.

The Group of Seven industrial powers -- the United
States, Japan, Germany, Britain, France, Canada
and Italy -- were opening their global economic
summit in Cologne on Friday.

Gretschmann said the package under consideration
would be a long-term approach which went beyond
the proposed new credits for Russia from the International Monetary Fund,
which Moscow needs to keep its creaking economy afloat.

British officials say they want to focus on areas such as social policy,
healthcare, and excessive bureaucracy.

"I think we can do something which goes beyond what we have been
preparing in the past," Gretschmann told BBC radio.

"I think we're working on that and I'm quite confident that on Sunday when
you see us at a press conference again we will have positive news," he said.

He declined to discuss the amount of money that would be involved, but
said: "Not all is money. Money is a lot but not everything.

"I think that we will offer them help, technical help, expert groups maybe, to
cooperate in different areas which are of the essence for the social and
economic world in Russia."

Two areas for attention would be health, and development of Russia's vast
regions, which have often been neglected while aid goes to Moscow, he
said.

Asked whether the package would be contingent on solving the crisis with
Russia over its troops in Kosovo, he said: "Nothing is contingent. All is
interlinked, that is very clear. I am confident we will solve the issue."

U.S. and Russian foreign and defense ministers went into a third day of talks
in Helsinki on Friday over Moscow's demand for its own peacekeeping
sector in Kosovo. ((c) 1999 Reuters)