Russia will oppose bank tax at G20: top Kremlin aide
Russia opposes proposals for a tax on banks that will be high on the agenda of the G20 summit in Canada, President Dmitry Medvedev's top economic aide said on Monday.
"Russia, like a number of other countries, believes the introduction of a special tax on banks could have negative consequences for the accessibility of loans and other services," Arkady Dvorkovich said at a news conference.
The United States and some European countries back a bank tax to help pay for any future global financial crises.
He added that "the idea that bankers and financial organisations should find a way out of the crisis using their own resources" was "shared by all the world."
"I do not think that a collective decision will be taken" at the G20 summit in Toronto on June 26-27, he said.
He said that other countries shared Russia's fears, naming Canada, Australia, China and India.
The US and Britain -- forced into heavy bailouts of banks and financial institutions in 2008 and 2009 at the height of the economic meltdown -- have already drawn up proposals to levy bank taxes, along with Germany and France.
© 2010 AFP