20:05 Head of Russian Finance Ministry Alexei Kudrin expressed confidence that the results of Petersburg’s G8 summit will help to stabilize oil prices
WASHINGTON, April, 21 - RIA Novosti. - Finance Minister of Russia Alexei Kudrin expressed confidence that the results of the Petersburg’s G8 summit will help to stabilize oil prices.

"We hope that this year G8 chairmanship of the Russian Federation will finish with a result, and I am sure, that the results will be achieved in all directions, and there will be more understanding on energy issues in the world”, said Mr. Kudrin at a press conference in Washington.

The Minister expressed hope that the results on a lot of new standards in the scope of business and in the field of energy will be reached during the meetings.

"It will have a long-term influence on the oil price stabilization", Mr. Kudrin noted.

According to him, in this case it is necessary to consider the political aspects too, which can introduce some corrections.

Speaking about the issue of infectious diseases, Mr. Kudrin said, that today at the meeting of the "financial eight", the question of setting up a fund for advance financing, especially for the poorest countries, will be discussed. "I am sure, that this fund will be established, now it is at a test level", Mr. Kudrin said.