In 2003, net profits of the Svyazinvest telecommunications company will advance from RUR9.6bn (about $303.98m) to RUR13bn (about $411.64m), Svyazinvest's General Director Valery Yashin reported at a meeting of the enlarged board of the Russian Telecommunications Ministry. In 2003, the company's revenues will grow from RUR115.3bn (about $3.65bn) to RUR140.6bn (about $4.45bn). Svyazinvest's expenditures will go up from RUR84.8bn (about $2.69bn) to RUR100.9bn (about $3.19bn) in 2003. Additional telephone number capacities will amount to 3 million numbers.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
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