The Russian oil company Ritek sold 6.4 percent of its shares to LUKoil for $7.5m, the Ritek's press service reported. The shares were bought by Ritek from one of the Tatneft's shareholders for $7m in December 2002. Ritek spent $7.82m to buy out 7 percent of its shares since September 2002. Meanwhile, the share prices gained 50 percent during this period. The company intends to spend some $5m to buy out 3 percent more of its stocks in 2003.
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