GFMC: Environmentalists sue Over Russian President’s Decree

World Bank to Release $ 60 Million Forest Loan for Russia

Interfax News Agency, 31 August 2000

The World Bank has not frozen a $ 60 million loan for sustainable forest management projects in Russia, and has recently confirmed that it plans to implement this project and release the funds, First Deputy Natural Resources Minister Yuri Kukuev said.

The delay in the release of the loan was not related to the elimination last spring of the Federal Forestry Service and its restructuring into a department of the Natural Resources Ministry, Kukuev told a news conference on Friday.

Forestry service officials had said earlier that the World Bank had informed the Russian government in writing that it planned to freeze the loan.

The loan was intended for three pilot projects to create a system of sustainable forest management in the Leningrad region and the Krasnoyarsk and Khabarovsk territories.

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