Inflation will be falling 1-2 percent annually over the next two or three years in Russia, Russian Senior Deputy Finance Minister Bella Zlatkis announced at the round-table meeting "The credit standing of Russian regions" today. She noted that this forecast would be taken into account in the 2004 and 2005 budget drafts.
The Deputy Finance Minister reported the successful implementation of the 2002 budget and stated that the positive balance of state loans on the open market was 3bn rubles (about $94m). The total volume of loans attracted by the government on the open market in 2002 reached 120bn rubles (about $3.77bn).
According to Zlatkis, the Cabinet's policy on the open market was becoming a benchmark for Russian regions and republics. "Over the next several years, in the event the situation on the debt market is positive, regions will be able to take loans for five to eight years at a 14-15 percent interest rate," the official was quoted as saying.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War