In 2003, the Russian GDP will grow by 5 percent, Russian Prime Minister Mikhail Kasyanov reported today speaking at the seventh St. Petersburg economic forum. According to Kasyanov, in January 2003 the GDP surged 4.9 percent, whereas in May 8.5 percent. He argued this was "a good result for steady economic growth".
Kasyanov said that the raw material sector retained its leading positions within the Russian economy. The diversification of the economy through the development of other sectors, however, should not be done by slackening the development of the raw material sector, Kasyanov argued. He also noted that many Russian raw material companies were becoming more and more international, and emphasized that the successful development of the Russian economy would depend on both large and small companies.
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