The Russian Finance Ministry has suggested cutting state support to mass media sources, says the ministry's document drawn up after a meeting of the government's commission headed by Finance Minister Alexey Kudrin. The Cabinet will consider the results of this meeting tomorrow. According to estimates of the ministry's experts, up to 1.1bn rubles (about $35m) could be saved on allocations for the mass media in 2004.
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