In the period of the implementation of the Sakhalin-2 project some $40bn to $50bn in tax revenues will be transferred to the Russian budget, John Barry, the President of Shell Exploration and Production Services (Shell's division in Russia), declared at a conference organized by Renaissance Capital today. According to him, tax payments to the Russian budget from the implementation of this project amount to $300m at present. In 2003 Shell is going to make a number of contracts with Russian operators totaling $4bn. According to Barry, Shell's income from participation in the Khanty Mansiysk oil company, has been $1.4bn.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America