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To: Glenn D. Rudolph who wrote (125509)	5/25/2001 10:00:06 AM
From: craig crawford	Read Replies (1) \| Respond to of 164684

Putin says Russia plans no gold sales for flood aid Reuters May 25 2001 at 01:59PM Yerevan - President Vladimir Putin said Russia had no plans to sell gold to raise funds to help victims of floods in Siberia's Yakutiya region. Russian news agencies on Thursday quoted Putin as saying he intended to sign a decree on gold and diamond sales if a clear scheme was presented to him "to help people now on the streets". But Putin told a news conference in the Armenian capital Yerevan, where he is attending a CIS security summit, "You misunderstood me." "I didn't say that Russia intends to sell gold. I reacted positively to a proposal on the possibility of a mutual settlement of debt on a so-called gold loan which Yakutiya took from Russian authorities," he said. "I said it is possible. I did not say we would do it." He also said the government might allow "a company which mines diamonds and other precious stones" to sell stones worth $300 million. ALROSA is Russia's diamond monopoly based in Yakutiya. "And this is not a fact, but only a possibility if we see there are no other ways of solving the problems of the population which suffered from the flood." - Reuters