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CIS members back Russia's G20 proposals - Kudrin


MOSCOW, March 31 (RIA Novosti) - Finance ministers and central bankers from the post-Soviet Commonwealth of Independent States (CIS) support Russia's proposals for the summit of G20 leaders, Russia's finance minister said on Tuesday.

"The measures Russia plans to discuss at the Group of 20 summit were supported in general," Alexei Kudrin, who is also a deputy prime minister, told reporters after meeting his colleagues from the CIS.

Russia has submitted a proposal for the summit due in London on April 2 for the IMF to examine creating a supra-national reserve currency, the move also supported by China, and suggestions to reform international financial organizations in the wake of the economic crisis, which include the diversification of countries' foreign currency reserves to reduce the emphasis on the dollar.

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