Russian Vice Premier, Finance Minister Alexei Kudrin said science would receive additional financing.
The deputy prime minister told a press conference after a meeting with chairman of the presidium of the Russian Academy of Sciences' St.Petersburg-based research center, Nobel prize winner, academician Zhores Alfyorov that in 2004 the financing of science in Russia would be significantly increased.
"Budget funds allocated for science in the Russian Federation in 2004 amount to 46 billion roubles (approx. 1.5 billion dollars), including for Russian Academy of Sciences institutions - some 11 billion. With time this volume will be significantly increased," he believes.
"Responsibility for the fundamental science lies with the federal authority," the minister stressed.
"With due account taken of delimitation of powers between the levels of authority, when each of them will have to answer for their own targets and expenditures, the federal authorities will be able to pay more heed to science in the future," Kudrin said.
The head of the Russian Finance Ministry, Anton Siluanov, said that the Americans would suffer additional losses if they impose sanctions on Russia's public debt