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FS meets Russian Deputy Prime Minister (with photos)

     The Financial Secretary, Mr John C Tsang, today (June 2, Moscow time) met the Deputy Prime Minister of the Russian Federation, Mr Alexei Kudrin.

     During the meeting, Mr Kudrin informed Mr Tsang that following the signing in April of the Agreement on Mutual Exemption of Visa Requirements, the Russian authorities had now completed its domestic procedures for the agreement to take effect on July 1.

     Under the agreement, Hong Kong Special Administrative Region passport holders may visit Russia visa-free for a stay of up to 14 days. Likewise, Russian nationals will enjoy the same visa-free treatment when visiting Hong Kong.

     At the same meeting, the Financial Secretary briefed Mr Kudrin, who is also Minister of Finance of the Russian Federation, on the latest developments in the Hong Kong economy since they last met in Hong Kong in January.

     Earlier in the day, Mr Tsang spoke at a business luncheon and a conference entitled "Hong Kong: The Ideal Fund-Raising Centre in Asia" organised by the Hong Kong Trade Development Council and the Hong Kong Exchange.

     In the morning, Mr Tsang visited the Moscow International Currency and Stock Exchange and met its president, Mr Konstantin Korischenko and a number of prominent Russian businessmen, including Mr Viktor Vekselberg of the Renova Group, Mr Oleg Deripaska of the Basic Element Group and Mr Martin Andersson of the MDM Bank.

Ends/Wednesday, June 3, 2009
Issued at HKT 12:05


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